As late twentieth-century discourses of modernity and postmodernity invoke their Enlightenment heritage in a search for the origins of their present achievements and predicaments, Adam Smith's works are still seen as a canonic representative of that heritage. Smith has long been evoked as the ‘father’ of economics and the original proponent of laissez-faire capitalism, but the political changes in recent decades have reconstituted his iconic status. With the full range of Smith's published and unpublished writings and lectures now widely available, (...) there has been a huge growth in the scholarly literature on Smith which has subjected this traditional view to searching questions. The overwhelming conclusion to emerge is that Smith's works display a subtlety and complexity that is at odds with the received image of Smith as the spokesman of modernity, but the diversity of interpretation raises some difficult methodological issues. (shrink)

This paper proposes a new interpretation of non-cooperative games that shows why the unilateralism of best-reply reasoning fails to capture the mutuality of strategic interdependence. Drawing on an intersubjective approach to theorizing individual agency in shared context, including a non-individualistic model of common belief without infinite regress, the paper develops a general model of a 2 × 2 simultaneous one-shot non-cooperative game and applies it to games including Hi-Lo, Stag Hunt, Prisoners’ Dilemma, Chicken, BoS and Matching Pennies. Results include High (...) as the rational choice in Hi-Lo, and Cooperate as a possible rational choice in the Prisoners’ Dilemma. (shrink)

The “Adam Smith problem” has traditionally been concerned with the issue of authorial integrity: the issue of how a single author, Adam Smith, could have written two such apparently dissimilar, even contradictory, works as The Theory of Moral Sentiments and The Wealth of Nations. As the problem to be resolved was the single authorial origin of two such works, the perceived incompatibilities between them were explained in terms of Smith's intellectual biography – for example, Smith's travels to France, Smith's meetings (...) with the physiocrats, or the mental incapacities of an aging man. The current consensus is that the Adam Smith problem is a “pseudo problem” and that Smith's works represent a unified project, but the same reference to authorial origins now provides thr opposite claim that “the same man” wrote both books. Here the postulate of authorial integrity, “of stable integrated character, not subject to deep intellectual doubts or fissures” provides an assurance that such a man is unlikely to have written two entirely different books, an assurance underwritten by a coherent authorial intentionality that guarantees the consistency of the two works. (shrink)

Current debates as to whether “republican liberty” is a negative or a positive concept of liberty take as their starting point the distinction between these concepts as outlined in Isaiah Berlin’s essay “Two Concepts of Liberty.” Berlin’s essay has stimulated a considerable debate about the precise nature of the distinction between the two concepts, whether there are indeed two concepts of liberty or only one, the triadic concept, and whether the two concepts are systematically connected to the foundational assumptions of (...) different traditions of political philosophy. Republican liberty has traditionally been placed under the positive heading as one variant of positive liberty, but this has been challenged by the argument that republican liberty is a form of negative liberty which is more extensive than the liberal form of negative liberty in incorporating the notion of freedom from potential as well as actual interference or constraint. According to this interpretation, therefore, the main distinction between the political traditions of liberalism and republicanism is to be found not in the distinction between negative and positive liberty, but in a distinction within negative liberty. (shrink)

Is choice necessary for moral responsibility? And does choice imply alternative possibilities of some significant sort? This paper will relate these questions to the argument initiated by Harry Frankfurt that alternative possibilities are not required for moral responsibility, and to John Martin Fischer and Mark Ravizza's extension of that argument in terms of guidance control in a causally determined world. I argue that attending to Frankfurt's core conceptual distinction between the circumstances that make an action unavoidable and those that bring (...) it about that the action is performed – a distinction emphasised in his recent restatement – provides a new route into an analysis of Frankfurt's argument by showing how it depends on a person's ‘decision to act’ involving the exercise of choice. The implicit reliance of Frankfurt's argument on this notion of choice, however, undermines his claim that the example of the counterfactual intervener strengthens the compatibilist case by providing a counter-example to the principle of alternative possibilities. I also argue that Frankfurt's reliance on the exercise of choice for moral responsibility is also evident in the Fischer/Ravizza argument, and that a close analysis of both arguments shows that such exercise of choice is not available if causal determinism is true. (shrink)

The Philosophy of Adam Smith contains essays by some of the most prominent philosophers and scholars working on Adam Smith today. It is a special issue of The Adam Smith Review, commemorating the 250th anniversary of Smith's Theory of Moral Sentiments. Introduction Part 1: Moral phenomenology 1. The virtue of TMS 1759 D.D. Raphael 2. The Theory of Moral Sentiments and the inner life Emma Rothschild 3. The standpoint of morality in Adam Smith and Hegel Angelica Nuzzo Part 2: Sympathy (...) and moral judgment 4. Smith and Rousseau in dialogue: sympathy, pitié, spectatorship and narrative Charles L. Griswold 5. Adam Smith’s concept of sympathy and its contemporary interpretations Bence Nanay 6. Smith’s ambivalence about honour Stephen Darwall 7. Sentiments and spectators: Adam Smith’s theory of moral judgment Geoffrey Sayre-McCord 8. Smith’s anti-cosmopolitanism Fonna Forman-Barzilai 9. Resentment and moral judgment in Smith and Butler Alice MacLachlan Part 3: Economics, religion, aesthetics and value theory 10. Adam Smith’s problems: individuality and the paradox of sympathy Robert Urquhart 11. Scepticism and naturalism in Adam Smith Ryan Patrick Hanley 12. Adam Smith’s solution to the paradox of tragedy Arby Ted Siraki 13. Smithian intrinsic value Patrick Frierson Memoir on Adam Smith’s life 14. Adam Smith’s smile: his years at Balliol College, 1740–6, in retrospect Ian Simpson Ross. (shrink)

Historiographic debates keep returning to issues of authorial intention in the interpretation of texts. This paper offers a response to these debates by differentiating between two versions of intentionalism, termed 'substantive intentionalism' and 'formal intentionalism', according to two different senses of 'identity' in the thesis that assigned meaning is identified with authorial intention, such that these two versions of intentionalism imply different ontological commitments to what are construed as the relevant authorial intentions. These distinctions and arguments are then related to (...) the 'historical intentionalism' of Quentin Skinner and Mark Bevir. The paper argues that in practice historical intentionalism ends up reproducing the arguments of formal intentionalism, and it concludes by raising questions about the value of intentionalism for historians. (shrink)

Current debates as to whether “republican liberty” is a negative or a positive concept of liberty take as their starting point the distinction between these concepts as outlined in Isaiah Berlin’s essay “Two Concepts of Liberty.” Berlin’s essay has stimulated a considerable debate about the precise nature of the distinction between the two concepts, whether there are indeed two concepts of liberty or only one, the triadic concept, and whether the two concepts are systematically connected to the foundational assumptions of (...) different traditions of political philosophy. Republican liberty has traditionally been placed under the positive heading as one variant of positive liberty, but this has been challenged by the argument that republican liberty is a form of negative liberty which is more extensive than the liberal form of negative liberty in incorporating the notion of freedom from potential as well as actual interference or constraint. According to this interpretation, therefore, the main distinction between the political traditions of liberalism and republicanism is to be found not in the distinction between negative and positive liberty, but in a distinction within negative liberty. (shrink)

This paper argues that the notion of weak intentionalism in Mark Bevir's The Logic of the History of Ideas is incoherent. Bevir's proposal for weak intentionalism as procedural individualism relies on the argument that the object of study for historians of ideas is given by the beliefs that are expressed by individuals since these beliefs constitute the historical meaning of the work for those individuals as historical figures. Historical meanings are thus hermeneutic meanings. In the case of insincere, unconscious, and (...) irrational beliefs, however, the beliefs expressed by individuals are not in fact their actual beliefs, and their actual beliefs are now taken to be those expressed by the works. It thus turns out that it is not the beliefs expressed by individuals that are the object of study for historians but the works themselves, since the overriding requirement for historians of ideas is to "make sense of their material" and it is this requirement that determines whether or not the beliefs are to be construed as expressed by individuals or by the works. But once it is accepted that the beliefs that are the object of study for historians are expressed by the works and not by individuals, the original argument that such beliefs are historical hermeneutic meanings for historical figures no longer applies. The argument for weak intentionalism thus turns out to be incoherent. Bevir's argument fails to establish that the object of study for the history of ideas is external to the works, and the attempted distinction between interpreting a work and reading a text also fails. (shrink)

In his Comment ‘Adam Smith on the Morality of the Pursuit of Fortune’, Richard Arlen Kleer accepts much of the argument in my article ‘Signifying Voices’ but insists that I have ‘gone too far’. Kleer agrees that there is a moral hierarchy in Adam Smith's Theory of Moral Sentiments where benevolence and self-command are ranked higher than justice and prudence, but he is uneasy with the conclusion that economic activity and the pursuit of gain are ‘amoral’ activities and insists that (...) they do have a significant moral standing. In addition, although Kleer accepts a good deal of the stylistic analysis, again he is uneasy with the results that are derived from it. This reply will take each of these aspects in turn. (shrink)

RECENT DEBATES HAVE EXAMINED AGAIN whether the concept of individual natural “rights” is significant for Aristotle’s political philosophy and ethics. Fred D. Miller’s Nature, Justice, and Rights in Aristotle’s Politics is the most sustained recent attempt to argue that Aristotle’s Politics is centrally concerned with the issue of individual rights based on nature and that no anachronism is involved in arguing this. Aristotle’s Politics, it is argued, should thus be seen as the precursor of later theories of individual rights, although (...) it would be a mistake to infer from this that Aristotle employed a specifically liberal understanding of rights even though his work is foundational for those later theories. In a symposium in this Review devoted to discussing Miller’s arguments, a number of both supporting and critical responses were published. One result to emerge from this symposium was the fundamental lack of agreement on how to translate key Greek terms such as to dikaion/ta dikaia which Miller argues should sometimes be translated as “just-claim right.” This lack of agreement among the most authoritative classical scholars raises important methodological issues concerning the kind of criteria that may be appropriate in such a dispute. (shrink)

Adam Smith’s contribution to economics is well-recognised but in recent years scholars have been exploring anew the multidisciplinary nature of his works. The Adam Smith Review is a refereed annual review that provides a unique forum for interdisciplinary debate on all aspects of his Adam Smith’s works, his place in history, and the significance of his writings for the modern world. It is aimed at facilitating debate between scholars working across the humanities and social sciences, thus emulating the transdisciplinary reach (...) of the Enlightenment world which Smith helped to shape. The fourth volume of the series contains contributions form a multidisciplinary range of specialists, including, Henry C. Clark, Douglas J. Den Uyl, Ryan Patrick Hanley, Neven B. Leddy, David M. Levy and Sandra J. Peart, Robert Mankin, Leonidas Montes, James R. Otteson, Andrew S. Skinner, and Gloria Vivenza, who discuss: the sources and influences of Smith’s work in the classics, the Scottish Enlightenment and eighteenth-century France the Glasgow Edition of Smith’s Works and the Wealth of Nations. (shrink)

In lieu of an abstract, here is a brief excerpt of the content:The “Figure” of God and the Limits to Liberalism: A Rereading of Locke’s Essay and Two TreatisesVivienne BrownI. A current interpretative issue in reading John Locke’s texts is the relationship between Locke’s theology and political philosophy. 1 Reacting against the secular interpretations of C. B. Macpherson and Leo Strauss, John Dunn argued that Locke’s theology was axiomatic for the political philosophy of the Two Treatises of Government in that (...) Locke’s liberalism was based on a religious individualism. 2 Dunn thus decisively reoriented Lockean scholarship away from seeing Locke as an apologist for a new capitalist economic order, and James Tully and Richard Ashcraft have since substantiated the view that theological presuppositions were foundational for Locke’s political writings but they emphasized the radical nature of Locke’s political position. 3 This view has in turn been challenged by more recent contextual studies of the development of Locke’s thought. John Marshall has argued that the political argument in the Two Treatises of Government is not dependent on religious individualism in [End Page 83] that Locke’s natural theology was itself driven by epistemological investigations, and that it was this epistemological impetus which inclined the Christian Locke towards the Socinian tendencies of his later years. 4 Ian Harris accepts that theological explanation was central to Locke’s writings in ethics and government, but he also emphasizes the reverse process of determination where Locke’s theology, particularly with respect to revealed religion, is in turn reliant upon Locke’s broader thinking. Harris argues therefore that there is a continuity of substantive thought such that theological concerns mesh into, rather than exclusively determine, the broader pattern of Locke’s political and moral ideas. 5 Recent studies thus share a considerable common ground in their recognition of the importance of the relationship between Locke’s theology and political philosophy, but disagreements remain over the precise nature of this relationship and its implications for Locke’s writings.This paper will address the question of the relationship between Locke’s theology and political philosophy by examining the figurative expressions by means of which God is represented in Locke’s Essay Concerning Human Understanding and Two Treatises of Government. 6 The paper will argue that the ways in which this metaphorical “figure” of God is inscribed in Locke’s epistemology and political philosophy 7 suggest a different approach to reading the intricate relationship between God and mankind, and that this casts doubt on the widely-received understanding of Locke’s contribution to classic liberal arguments within political philosophy. It will be argued further that the different formulations of the figure of God in these two texts result in problematizing the historiographic notions of theoretical determination and historicized authorial intent which have so far largely informed the interpretative debate in this area. 8 [End Page 84]II. In the Essay it is argued that mankind has no knowledge of real essences, even of such a simple thing as a pebble or a fly, and certainly cannot know the real essence of God which is immeasurably more inaccessible. 9 Descriptions of God in the Essay are not, therefore, literal statements of God’s characteristics but necessarily inadequate attempts to conceptualize him from within the linguistic and mental constraints of the finite world of men. Two possibilities are available to mankind in its attempt to mediate this fundamental state of ignorance. One is to try to form a complex idea made up of the simple ideas received from sensation or reflection upon itself and then to magnify this to an infinite degree:And even the most advanced Notion we have of God, is but attributing the same simple Ideas which we have got from Reflection on what we find in our selves, and which we conceive to have more Perfection in them, than would be in their absence, attributing, I say, those simple Ideas to him in an unlimited degree. 10God’s postulated qualities are thus valued human qualities writ infinitely large, even though elsewhere the anthropomorphism of the “ignorant and uninstructed” is rejected: 11[H]aving from what we experiment in our selves, got the Ideas of Existence and Duration; of... (shrink)