Since the celebration of the bicentenary of The Wealth of Nations,
the last twenty years have seen a burgeoning interest in Adam
Smith's contribution to economics. Jan Peil's book aims to provide
a new model for interpreting Smith's contribution to economic
science. This model elucidates Smith's vision of the free market
economy by placing it in the historical circumstances of the time.
In the first part of the book the author discusses how we should
read Smith and outlines the new hermeneutical model of
interpretation of his economic thought. For example, in reviewing
The Wealth of Nations, the author places Smith's work firmly in the
context of moral philosophy and the debate on the sense and meaning
of the emerging commercial society which was taking place in the
18th century. In discussing Smith's economics, the author clearly
focuses on the question: why should we re-read Smith and according
to which model of interpretation? Finally, he discusses the
relevance of reinterpreting Smith's economics as part of moral
philosophy for today's debate on the principles of economics. This
innovative book will be of great interest to historians of economic
thought and political economy, scholars and students of the
philosophy and methodology of economics and all those interested in
Adam Smith and his relevance for economics today.
General
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