Download Adam Smith's Lost Legacy by G. Kennedy PDF

By G. Kennedy

During this available e-book, Gavin Kennedy takes a clean examine Adam Smith's ethical philosophy and its hyperlinks to his political financial system and his lectures on jurisprudence. The e-book presents a brand new research of Wealth of countries, and argues that Adam Smith's highbrow legacy used to be coopted within the 19th and 20th centuries by way of economists pursuing agendas that Smith didn't suggest. It additionally presents a brand new cause of the most mysteries approximately Smith's later lifestyles.

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Extra resources for Adam Smith's Lost Legacy

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Everybody who counted in Adam Smith’s social stratum played the interest game, as did thousands in other professions. 1 Competing networks of interest were interwoven 23 24 Adam Smith’s Lost Legacy across British society, each promoting aspirants, while blocking those of rival interest brokers, who interacted and counter-interacted in a ruthless contest of interest management. News of a death in service, or a demotion or the disgrace of someone in any position, from lowliest clerk to high members of the government, mobilised fiercely competing interest networks to secure the post for their nominee.

For Smith to become a Philosopher he needed to be familiar with philosophical controversies, no matter the discomfort suffered by the guardians of opinionated orthodoxy. Above all, he needed to be free from censorship by old men bereft of philosophical understanding and of insufficient intellectual capability for it. I conclude that this incident left him sorely angry and was the defining moment when his tutors lost his respect. An extremely unsettled Smith grew less and less comfortable with his ‘solemn promise’.

University Senates, then as now, consisted of professors no less jealous of their independence and no less cantankerous at being out-voted by more powerful interests and, as ever within a University, its ‘politics’ were no less rife with troublesome rumours and affected disharmonies, slights and insults. Smith’s passage was not smooth; it met with the usual minor upsets from those nursing bruised egos, easily irritated feelings and aimless grievances. 3 Professor Loudon’s death on 1 November 1750 had caused the vacancy.

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