Adam Smith's Moral and Political Philosophy

Samuel Fleischacker (Stanford Encyclopedia of Philosophy)

Comprehensive scholarly treatment of Adam Smith's moral and political thought, explicitly addressing how Smith is misread as a pure free-market advocate. Key arguments: Smith supported wealth redistribution and championed the rights of the poor; his minimalist government stance was practical, not ideological; sympathy and moral sentiment are foundational to his economics; and "if Smith's political philosophy looks like libertarianism, it is a libertarianism aimed at different ends, and grounded in different moral views, than that of most contemporary libertarians." Essential for understanding the gap between Smith's actual views and his popular caricature.

Adam Smith's Moral and Political Philosophy | Papers