Friday, January 14, 2022

The wrong half

After [Adam] Smith, we have grabbed and retained only bits of his teaching, the invisible hand being the most famous. But Smith actually had a great deal to say about the importance of morality constraining and supplementing the market. Many historians argue that The Wealth of Nations should be interpreted in the light of Smith’s earlier book, Theory of Moral Sentiments, which “can be read as a text in psychology or theology or ethics, or all of these” (Cox, Market as God, 158).— Naming Neoliberalism: Exposing the Spirit of Our Age, 17 n. 35

No comments: