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Smith Adam - Adam Smith: An Enlightened Life

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Adam Smith is celebrated all over the world as the author of The Wealth of Nations and the founder of modern economics. A few of his ideas - that of the Invisible Hand of the market and that It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest - have become icons of the modern world. Yet Smith saw himself primarily as a philosopher rather than an economist, and would never have predicted that the ideas for which he is now best known were his most important. This book, by one of the leading scholars of the Scottish Enlightenment, shows the extent to which The Wealth of Nations and Smiths other great work, The Theory of Moral Sentiments, were part of a larger scheme to establish a grand Science of Man, one of the most ambitious projects of the European Enlightenment, which was to encompass law, history and aesthetics as well as economics and ethics.

Nicholas Phillipson reconstructs Smiths intellectual ancestry and formation, of which he gives a radically new and convincing account. He shows what Smith took from, and what he gave to, the rapidly changing and subtly different intellectual and commercial cultures of Glasgow and Edinburgh as they entered the great years of the Scottish Enlightenment. Above all he explains how far Smiths ideas developed in dialogue with those of his closest friend, the other titan of the age, David Hume. This superb biography is now the one book which anyone interested in the founder of economics must read.

Review

A fascinating book. . . . Adam Smith finally has the biography that he deserves, and it could not be more timely.Jeffrey Collins, Wall Street Journal

(Jeffrey Collins Wall Street Journal )

An unabashedly intellectual biography . . . [written] in graceful prose. . . . For all that subsequent generations, no less our own, have taken from Smiths economic contributions, it is indeed enlightening to understand the broader sweep of his vision.--Nancy F. Koehn, New York Times (Nancy F. Koehn New York Times )

Lively [and] well-observed. . . . It would take a skilful pencil to bring Smith to life, warned one of his friends. In bringing Smiths ideas to life, Phillipson shows that his pencilwork is skilful indeed. The Economist (The Economist )

Remarkable, often brilliant. . . stuffed with acute philosophical observations. But no less fascinating is the portrait of the milieu in which Smith lived. . . . Phillipsons exposition of [Smiths] enlightened life can scarcely be bettered.The Times (London)

(The Times (London) )

[Nicholas Phillipson] tries, very successfully, to pull together the two Smiths, letting us see how the man of feeling became the little god of finance. . . making it plain that Smith was more moral-man than market-man.Adam Gopnik, The New Yorker

(Adam Gopnik The New Yorker 20101018)

One good reason to read Nicholas Phillipsonsexcellent intellectual biography is to gain a more nuanced understanding of Smith and, inparticular, of his vision of an all-embracing science of man.. . . When Phillipson discusses The Wealth of Nations, its hard not to discern parallels between Smiths time and our own.Michael Dirda, Washington Post

(Michael Dirda Washington Post )

This year, my favorite business book was Nicholas Phillipsons biography of Adam Smith. It showed that Smith is still the greatest economist of all time, wise about human nature, and that he understands the power of capitalism.Tyler Cowen, NPRs Marketplace

(Tyler Cowen NPRs Marketplace )

Named a Favorite Business Book of 2010 by James Pressley, Bloomberg BusinessWeek (James Pressley Bloomberg Business Week )

Named a Best Book of 2010 by the Atlantic (Atlantic Monthly )

Named a Critics Favorite Book of 2010The New Yorker (New Yorker )

Named a Best Business Book of 2010 by Tyler Cowen, NPRs Marketplace (Tyler Cowen NPRs Marketplace )

In a feast of both writing and erudition, Nicholas Phillipson has recreated the intellectual and mercantile world of Adam Smith, and shows how it shaped Smiths two masterpieces, the Theory of Moral Sentiments and the Wealth of Nations. He sets Smiths economics firmly in the philosophy of the Scottish Enlightenment and especially of his great friend David Hume and argues compellingly that for Smith material improvement was not an end in itself, but a necessary condition for human ennoblement, which was the grand aim of his lifes work. A wonderful, thought-provoking book.Robert Skidelsky, biographer of John Maynard Keynes

(Robert Skidelsky )

Nicholas Phillipsons lifelong study of Adam Smith has been well worth waiting for. Phillipson treats Smiths The Wealth of Nations as the sequel to his Theory of Moral Sentiments. Political economy and the history of society were handmaids to the moral philosophy which Enlightenment thinkers intended as the replacement of religion. This story has never been better told than in this deeply sympathetic biography of an intellectually ambitious but personally modest man, and it is a superb portrait of the Scotland, Britain and Europe he lived in. J.G.A. Pocock, Johns Hopkins University

(J.G.A. Pocock )

This stylish biography brings to life Adam Smiths breathtaking ambition to create a Science of Man. Phillipsons elegant prose and erudition make clear the necessary relationship between Smiths moral philosophy and his political economy. The reader is left with a deeper appreciation for Smiths project and for the eighteenth-century Scottish world in which he lived. This book is both a delight to read and agenda-setting. A real achievement!Steve Pincus, Yale University

(Steve Pincus )

This is easily the best book on Smith Ive read: a wonderfully accessible, thoroughly researched, full-bodied drama examining the philosopher and economist. Phillipsons biography presents Smith as a living personality, not just an imposing intellect, tracking his social, economic, and political moves from his birthplace Kirkcaldy, to Glasgow and Oxford, through his various lectures and professorships, travels around Europe, preparation of The Wealth of Nations, and finally to his work for the government. In doing so, it makes a strong case for the importance and complexity perhaps primacy of the Scottish Enlightenment and the men who contributed to it. In clean and clear prose, Phillipson explains what Smith was writing and why he was writing it, whether moral philosophy, jurisprudence, rhetoric or political economy. This beguiling blend of Smiths intellection and experience should appeal to anyone interested in the making of the modern world.David Hancock, author of Oceans of Wine: Madeira and the Emergence of American Trade and Taste

(David Hancock )

[A] great achievement. . . . Few books have shed better light on what Smith meant and why he wrote as he did.Scotland on Sunday

(Scotland on Sunday )

The myth of Adam Smith is that he was the hard-nosed high priest of self-interested capitalism. [Phillipson] shows that his intellectual goals were far greater and nobler. . . . Phillipson has portrayed an Adam Smith for our times.New Statesman

(New Statesman )

The Smith who emerges from this thoughtful study. . . had an intellect of extraordinary brilliance, and it is the life of that intellect that is finely portrayed in this book.Sunday Telegraph (London)

(Sunday Telegraph (London) )

Phillipsons path-breaking biography shines new light on the complex development of this much-misunderstood thinker.The Independent (London)

(The Independent (London) )

Phillipson has been studying [the Scottish Enlightenment], this explosion of genius, all his life, and is a trustworthy guide to the life of Adam Smith.Financial Times

(Financial Times )

Having failed so royally to predict or ameliorate our present distress, some economists may come to examine their assumptions and be drawn to this fine book and its mighty subject.The Guardian (London)

(The Guardian (London) )

Drawing on Smiths published works and student notes from his lectures, Phillipson shows how Smiths thinking on social theory and ethics influenced his system of economics. . . . what Phillipson calls a vast intellectual project. Bloomberg Business Week

(Bloomberg Business Week )

An unabashedly intellectual biography. . . . It is indeed enlightening to understand the broader sweep of [Adam Smiths] vision.Nancy F. Koehn, New York Times (Nancy F. Koehn New York Times )

An absorbing and elegant account of Smiths mind and of the Scottish context, social and intellectual, that produced it.Blair Worden, The Spectator (London)

(Blair Worden The Spectator )

For scholars. . . Adam Smith: An Enlightened Life should prove a very valuable resource. For more general audiences there is much to appreciate here--fine prose, erudite consideration of Enlightenment thought, and a consistently engaging narrative.PopMatters

(PopMatters )

Nicholas Phillipsons new biography, Adam Smith: An Enlightened Life, is a pleasure to read, and it provides us with a clear and thorough account of Smiths life.Samuel Fleischacker, Journal of British Studies

(Samuel Fleischacker Journal of British Studies )

Winner of the 2011-2013 Annibel Jenkins Prize, given by the American Society for the 18th Century Studies.

(2011-2013 Annibel Jenkins Prize American Society for the 18th Century Studies 20130125)

Review

A fascinating book. . . . Adam Smith finally has the biography that he deserves, and it could not be more timely.Jeffrey Collins, Wall Street Journal

(Jeffrey Collins Wall Street Journal )

An unabashedly intellectual biography . . . [written] in graceful prose. . . . For all that subsequent generations, no less our own, have taken from Smiths economic contributions, it is indeed enlightening to understand the broader sweep of his vision.--Nancy F. Koehn, New York Times (Nancy F. Koehn New York Times )

Lively [and] well-observed. . . . It would take a skilful pencil to bring Smith to life, warned one of his friends. In bringing Smiths ideas to life, Phillipson shows that his pencilwork is skilful indeed. The Economist (The Economist )

Remarkable, often brilliant. . . stuffed with acute philosophical observations. But no less fascinating is the portrait of the milieu in which Smith lived. . . . Phillipsons exposition of [Smiths] enlightened life can scarcely be bettered.The Times (London)

(The Times (London) )

[Nicholas Phillipson] tries, very successfully, to pull together the two Smiths, letting us see how the man of feeling became the little god of finance. . . making it plain that Smith was more moral-man than market-man.Adam Gopnik, The New Yorker

(Adam Gopnik The New Yorker )

One good reason to read Nicholas Phillipsonsexcellent intellectual (Michael Dirda Washington Post )

This year, my favorite business book was Nicholas Phillipsons biography of Adam Smith. It showed that Smith is still the greatest economist of all time, wise about human nature, and that he understands the power of capitalism.Tyler Cowen, NPRs Marketplace

(Tyler Cowen NPRs Marketplace )

Named a Favorite Business Book of 2010 by James Pressley, Bloomberg BusinessWeek (James Pressley Bloomberg Business Week )

Named a Best Book of 2010 by the Atlantic (Atlantic Monthly )

Named a Critics Favorite Book of 2010The New Yorker (New Yorker )

Named a Best Business Book of 2010 by Tyler Cowen, NPRs Marketplace (Tyler Cowen NPRs Marketplace )

In a feast of both writing and erudition, Nicholas Phillipson has recreated the intellectual and mercantile world of Adam Smith, and shows how it shaped Smiths two masterpieces, the Theory of Moral Sentiments and the Wealth of Nations. He sets Smiths economics firmly in the philosophy of the Scottish Enlightenment and especially of his great friend David Hume and argues compellingly that for Smith material improvement was not an end in itself, but a necessary condition for human ennoblement, which was the grand aim of his lifes work. A wonderful, thought-provoking book.Robert Skidelsky, biographer of John Maynard Keynes

(Robert Skidelsky )

Nicholas Phillipsons lifelong study of Adam Smith has been well worth waiting for. Phillipson treats Smiths The Wealth of Nations as the sequel to his Theory of Moral Sentiments. Political economy and the history of society were handmaids to the moral philosophy which Enlightenment thinkers intended as the replacement of religion. This story has never been better told than in this deeply sympathetic biography of an intellectually ambitious but personally modest man, and it is a superb portrait of the Scotland, Britain and Europe he lived in. J.G.A. Pocock, Johns Hopkins University

(J.G.A. Pocock )

This stylish biography brings to life Adam Smiths breathtaking ambition to create a Science of Man. Phillipsons elegant prose and erudition make clear the necessary relationship between Smiths moral philosophy and his political economy. The reader is left with a deeper appreciation for Smiths project and for the eighteenth-century Scottish world in which he lived. This book is both a delight to read and agenda-setting. A real achievement!Steve Pincus, Yale University

(Steve Pincus )

This is easily the best book on Smith Ive read: a wonderfully accessible, thoroughly researched, full-bodied drama examining the philosopher and economist. Phillipsons biography presents Smith as a living personality, not just an imposing intellect, tracking his social, economic, and political moves from his birthplace Kirkcaldy, to Glasgow and Oxford, through his various lectures and professorships, travels around Europe, preparation of The Wealth of Nations, and finally to his work for the government. In doing so, it makes a strong case for the importance and complexity perhaps primacy of the Scottish Enlightenment and the men who contributed to it. In clean and clear prose, Phillipson explains what Smith was writing and why he was writing it, whether moral philosophy, jurisprudence, rhetoric or political economy. This beguiling blend of Smiths intellection and experience should appeal to anyone interested in the making of the modern world.David Hancock, author of Oceans of Wine: Madeira and the Emergence of American Trade and Taste

(David Hancock )

[A] great achievement. . . . Few books have shed better light on what Smith meant and why he wrote as he did.Scotland on Sunday

(Scotland on Sunday )

The myth of Adam Smith is that he was the hard-nosed high priest of self-interested capitalism. [Phillipson] shows that his intellectual goals were far greater and nobler. . . . Phillipson has portrayed an Adam Smith for our times.New Statesman

(New Statesman )

The Smith who emerges from this thoughtful study. . . had an intellect of extraordinary brilliance, and it is the life of that intellect that is finely portrayed in this book.Sunday Telegraph (London)

(Sunday Telegraph (London) )

Phillipsons path-breaking biography shines new light on the complex development of this much-misunderstood thinker.The Independent (London)

(The Independent (London) )

Phillipson has been studying [the Scottish Enlightenment], this explosion of genius, all his life, and is a trustworthy guide to the life of Adam Smith.Financial Times

(Financial Times )

Having failed so royally to predict or ameliorate our present distress, some economists may come to examine their assumptions and be drawn to this fine book and its mighty subject.The Guardian (London)

(The Guardian (London) )

Drawing on Smiths published works and student notes from his lectures, Phillipson shows how Smiths thinking on social theory and ethics influenced his system of economics. . . . what Phillipson calls a vast intellectual project. Bloomberg Business Week

(Bloomberg Business Week )

An unabashedly intellectual biography. . . . It is indeed enlightening to understand the broader sweep of [Adam Smiths] vision.Nancy F. Koehn, New York Times (Nancy F. Koehn New York Times )

An absorbing and elegant account of Smiths mind and of the Scottish context, social and intellectual, that produced it.Blair Worden, The Spectator (London)

(Blair Worden The Spectator )

For scholars. . . Adam Smith: An Enlightened Life should prove a very valuable resource. For more general audiences there is much to appreciate here--fine prose, erudite consideration of Enlightenment thought, and a consistently engaging narrative.PopMatters

(PopMatters )

Nicholas Phillipsons new biography, Adam Smith: An Enlightened Life, is a pleasure to read, and it provides us with a clear and thorough account of Smiths life.Samuel Fleischacker, Journal of British Studies

(Samuel Fleischacker Journal of British Studies )


Type : Biography

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NICHOLAS PHILLIPSON
Adam Smith
An Enlightened Life

Adam Smith An Enlightened Life - image 1

ALLEN LANE
an imprint of
PENGUIN BOOKS

ALLEN LANE

Published by the Penguin Group

Penguin Books Ltd, 80 Strand, London WC2R 0RL , England

Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, USA

Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario,
Canada M4P 2Y3 (a division of Pearson Canada Inc.)

Penguin Ireland, 25 St Stephens Green, Dublin 2, Ireland (a division of Penguin Books Ltd)

Penguin Group (Australia), 250 Camberwell Road, Camberwell, Victoria 3124, Australia
(a division of Pearson Australia Group Pty Ltd)

Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park,
New Delhi 110 017, India

Penguin Group (NZ), 67 Apollo Drive, North Shore 0632, New Zealand
(a division of Pearson New Zealand Ltd)

Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank 2196, South Africa

Penguin Books Ltd, Registered Offices: 80 Strand, London WC2R 0RL , England

www.penguin.com

First published 2010

Copyright Nicholas Phillipson, 2010

The moral right of the author has been asserted

All rights reserved.

Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book

ISBN: 978-0-14-196356-3

In Memory of

Duncan Forbes

19221994

Fellow of Clare College and Reader in History

University of Cambridge

List of Illustrations
Plates

The Burgh School, Kirkcaldy. (Fife Council Libraries & Museums: Kirkcaldy Museum & Art Gallery)

Eutropii historiae breviarum ab urbe condita usque ad Valentinianum & Valentem Augustum In usum scholarum. Editio sexta correctior (Edinburgh, 1725). (Fife Council Libraries & Museums: Kirkcaldy Museum & Art Gallery)

The Colledge of Glasgow (early eighteenth century), by or after John Slezer, Theatrum Scotiae (1693). (Hunterian Art Gallery, University of Glasgow)

Balliol College, Oxford, from D. Loggan, Oxonia Illustrata (1765). (Private collection/Giraudon/The Bridgeman Art Library)

)

Francis Hutcheson, from F. Blackburn, Memoirs of Thomas Hollis Esq. (London, 1780). (Glasgow University Library)

Archibald, Earl of Islay and 3rd Duke of Argyll, engraving T. Chambars after A. Ramsay. (Collection, the author)

David Hume, frontispiece from his History of England from the Invasion of Julius Caesar to the Revolution in 1688 (Edinburgh, 1770). (Getty Images)

A General View of the City and Castle of Edinburgh, the Capital of Scotland (anon., 1765). (Courtesy Edinburgh City Libraries and Information Services Edinburgh Room)

Henry Home, Lord Kames, portrait by David Martin. (Scottish National Portrait Gallery)

Etienne Bonnot de Condillac, engraving by G. Volpato. (Bibliothque Nationale, Paris/The Bridgeman Art Library)

Charles Louis de Secondat, Baron de Montesquieu, engraving by Augustin de Saint-Aubin (Private collection/ The Bridgeman Art Library)

Jean-Jacques Rousseau Gathering Herbs at Ermenonville, June 1778, engraving by Louis Michel Halbou. (Bibliothque Nationale, Paris/Archives Charmet/The Bridgeman Art Library)

)

A View of the Middle Walk in the College Garden (1756), by Robert Paul. (Hunterian Art Gallery, University of Glasgow)

Henry, 3rd Duke of Buccleuch, portrait by Thomas Gainsborough. (The Trustees of the 9th Duke of Buccleuchs Chattels Fund)

David Hume, portrait by Louis Carrogis. (Scottish National Portrait Gallery)

Vue de la Ville de Genve prise du Lac from Tableau de la Suisse, o Voyage Pittoresque fait dans les xiii Cantons du Corps Helvtique, by J.-B. de la Borde (c. 1780). (Edinburgh University Library)

Portrait of Voltaire from a drawing made on 6th July 1775, engraving by Dominique Vivant Denon. (Muse de la Ville de Paris, Muse Carnavalet, Paris/The Bridgeman Art Library)

Plan of Paris, engraving by L. Bretez. (Private collection/Giraudon/The Bridgeman Library)

Francois Quesnay, engraving by J.-G. Wille. (Bibliothque Nationale, Paris/The Bridgeman Art Library)

Northumberland House, Charing Cross, by Sir John Dean Paul. (Bonhams, London/The Bridgeman Art Library)

Elevation of the British Coffee House, by Robert Adam. (Private collection/The Bridgeman Art Library)

View from the Walk on the top of Calton Hill, by Mary Elton. (Courtesy Edinburgh City Libraries and Information Services Edinburgh Room)

The Philosophers, by John Kay, from A Series of Original Portraits and Character Etchings (Edinburgh, 1842). (Edinburgh University Library)

Margaret Douglas, Mother of Adam Smith, portrait attributed to Conrad Metz. (Collection of Rory Cunningham)

Lord Rockville, Dr Adam Smith and Commissioner Brown, by John Kay, from A Series of Original Portraits and Character Etchings (Edinburgh, 1842). (University of Edinburgh)

Adam Smiths grave, Canongate Graveyard, Edinburgh. (Royal Commision on the Ancient and Historical Monuments of Scotland)

Illustrations in the Text

: Adam Smiths bookplate. (Edinburgh University Library)

: The Author of the Wealth of Nations, by John Kay, from A Series of Original Portraits and Character Etchings (Edinburgh 1842). (Edinburgh University Library)

: Notes of Dr. Smiths Rhetorick Lectures [17623]. Lecture 3 Of the origin and progress of language. (Glasgow University Library MS Gen 95/1,2)

: Title page from Adam Smith, The Theory of Moral Sentiments (1759). (Edinburgh University Library)

: Title page from Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776). (Glasgow University Library)

Acknowledgements

This book has had an elephantine period of gestation and has incurred more debts on the way than I can hope to repay here. It was the late Duncan Forbes who introduced me to Smith, the Scottish Enlightenment and intellectual history in a legendary Cambridge special subject which few who were lucky enough to have taken will ever forget. My own students and postgraduates may recognize various themes of this book which were tried out in my own special subjects at Edinburgh and will I hope remember discussions which were always enjoyable, sometimes memorable, and have helped to shape my thinking more than they may have realized. It was from them that I came to learn that for many intelligent students, Smiths first book, the Theory of Moral Sentiments, was more of a living text than the Wealth of Nations, and it was they who helped me to understand why Smith preferred the first book to the second.

In planning this book I wanted to write about Smiths life and works in a way which would throw light on the development of an extraordinary mind and an extraordinarily approachable philosophy at a remarkable moment in the history of Scotland and of the Enlightenment. I was particularly lucky that the book began to take shape when Susan Manning, Thomas Ahnert and I were directing a research seminar, funded by the Leverhulme Trust, on the Science of Man in Scotland. Our discussions and those of our research group were invaluable in keeping my thinking on the move at an important moment in its development. At the same time, my thinking about Smith, the Scottish Enlightenment and much else besides was being refreshed, as it has been for more than twenty years, by John Pocock and Istvan Hont. My debts to them are not easily repaid.

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