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Home Blog Getting into Adam Smith
Getting into Adam Smith
Written by Alex Singleton   
Thursday, 19 April 2007
Adam Smith is the father of modern economics, and made significant contributions in the field of philosophy, so his books make a worthy addition to any intellectual's bookcase. But with a huge arrange of editions available to buy, which is the best? Does it matter?

It comes down to personal choice, really. But the Glasgow Editions are the ones I recommend. They were created to celebrate the 200 years since the publication of The Wealth of Nations, and the series of books are the most complete collection of Adam Smith's writings - i.e. you can get Smith's Lectures on Jurisprudence in the same design as Smith's Theory of Moral Sentiments.

Although Oxford University Press publishes the set of books in hardback, they aren't particularly attractive. I'd recommend instead the paperbacks, published by Liberty Fund. These paperbacks are totally gorgeous. Each title are available separately, or you can buy the whole set (eight volumes) at a discount. The set includes: The Wealth of Nations, The Theory of Moral Sentiments, Lectures on Rhetoric and Belles Lettres, Lectures on Jurisprudence, Essays on Philosophical Subjects, Correspondence of Adam Smith, and an Index to the Works of Adam Smith.
Comments (1)

Gavin Kennedy said:

  I heartily endorse the Liberty Fund editons of the Oxford University Press Glasgow Edition (Google for details).

Wealth of Nations is not an economics textbook as we know them today. It is a (long) report of the ste of the British economy in mid-18th century and how it developed from low living standards and GDP in Elizabethan times to that unprecedented slow and gradual growth that led towards industrialisation and beyond. There is much for development economists to learn from Smith's account of what causes growth in wealth (the output of 'necessaries, conveniences and amusements of life') and what inhibits it (wrong-headed economic policies, corrupt governments and institutions, lack of local education provisions for all children, trivial wars, protectionism and limited infra-structure).

Read it slowly (there's 900 pages); key books: Book I, fundamentals of economics; Book II, how economies work; Book III; how Britain got to where it was by the 18th century; Book IV: trade protectionism; Book V, roles of government. It is a long case study in the application of political economy and theories of liberty.
April 20, 2007 | url

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