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Adam Smith's America - How a Scottish Philosopher Became an Icon of American Capitalism (Hardcover)
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Adam Smith's America - How a Scottish Philosopher Became an Icon of American Capitalism (Hardcover)
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The unlikely story of how Americans canonized Adam Smith as the
patron saint of free markets Originally published in 1776, Adam
Smith's The Wealth of Nations was lauded by America's founders as a
landmark work of Enlightenment thinking about national wealth,
statecraft, and moral virtue. Today, Smith is one of the most
influential icons of economic thought in America. Glory Liu traces
how generations of Americans have read, reinterpreted, and
weaponized Smith's ideas, revealing how his popular image as a
champion of American-style capitalism and free markets is a
historical invention. Drawing on a trove of illuminating archival
materials, Liu tells the story of how an unassuming Scottish
philosopher captured the American imagination and played a leading
role in shaping American economic and political ideas. She shows
how Smith became known as the father of political economy in the
nineteenth century and was firmly associated with free trade, and
how, in the aftermath of the Great Depression, the Chicago School
of Economics transformed him into the preeminent theorist of
self-interest and the miracle of free markets. Liu explores how a
new generation of political theorists and public intellectuals has
sought to recover Smith's original intentions and restore his
reputation as a moral philosopher. Charting the enduring
fascination that this humble philosopher from Scotland has held for
American readers over more than two centuries, Adam Smith's America
shows how Smith continues to be a vehicle for articulating
perennial moral and political anxieties about modern capitalism.
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