Evaluating Adam Smith

by William Henderson

Published 1 January 2006

Adam Smith is well recognized as the forefather of modern economics, but his success can be attributed not only to what he wrote but also to his use of language. In this exciting new book, Willie Henderson shows how Smith engaged creatively in writing about the economy, and analyzes the extent to which he tried to ensure that the reader is drawn into the text and informed by it.

Demonstrating analysis methods that are helpful to new researchers on Smith’s works, Evaluating Adam Smith sets his work in the cultural context of the eighteenth century and explores the lexical and conceptual inter-relations between Smith and the sources he consulted. Issues explored include Smith’s use of irony and his work in the context of wealth, virtue and happiness as presented in the Moral Sentiments and the Wealth of Nations.

Henderson’s informative study employs the literary techniques of close reading and close textual analysis and applies them to sustained passages of Smith’s writing.


This volume offers an exciting new reading of John Ruskin's economic and social criticism, based on recent research into rhetoric in economics. Willie Henderson uses notions derived from literary criticism, the rhetorical turn in economics and more conventional approaches to historical economic texts to reevaluate Ruskins economic and social criticism. By identifying Ruskin's rhetoric, and by reading his work through that of Plato, Xenophon, and John Stuart Mill, Willie Henderson reveals how Ruskin manipulated a knowledge base. Moreover in analysis of the writings of William Smart, John Bates Clark and Alfred Marshall, the author shows that John Ruskin's influence on the cultural significance of economics and on notions of economic well-being has been considerable.

Economics as Literature

by William Henderson

Published 7 September 1995

A rich vein of economics writings which runs through the nineteenth century and beyond is now largely ignored because its authors were women or because they favoured literary over scientific forms. Economics as Literature re-examines some of the most interesting texts from within this tradition.
The works considered include:
*stories (eg by Maria Edgeworth and Harriet Martineau)
*dialogues (eg by Jane Marcet and Thomas de Quincey)
*'imaginative' writing (eg from Ruskin and Francis Edgeworth)
*Keynes' General Theory which is locked within a nineteenth century 'tradition' of uniting science and art.