Adam Smith was an advocate of the free market; however his first and widely-acclaimed work, The Theory of Moral Sentiments, was on ethics. While commentators tend to review this work in isolation from his writing on political economy, Richard Morgan argues that although The Wealth of Nations is concerned with political economy, Smith's pointed attacks on exploitation and greed reflect the ethics outlined in his first work and illuminate the constructive role he proposed for government, which includes ensuring the provision of education and protection of society by regulating the banking system, even while stressing that government regulations be kept to a minimum. Morgan's analysis is extremely relevant to understanding the global financial crisis and the relevance of morality in the free market; it should guide us in setting appropriate policies for the future.
- ISBN10 1589795776
- ISBN13 9781589795778
- Publish Date 16 November 2010 (first published 1 January 2010)
- Publish Status Active
- Out of Print 27 January 2021
- Publish Country US
- Imprint Taylor Trade Publishing
- Format Paperback (US Trade)
- Pages 110
- Language English