Adam Smith in Context: A Critical Reassessment of some Central Components of His Thought

Leonidas Montes presents a new reading of Adam Smith's legacy. The classical influences, the meaning of some key concepts, and what other authors were saying at the time, are fundamental to understand what Smith really said. Starting with the famous Das Adam Smith Problem, Montes investigates the causes and the context of the Problem, and proposes the importance of the moral triad of the supposed impartial spectator, propriety and self-command for understanding Smith's broad concept of sympathy. Smith's virtues are fundamental to his moral thought, and the nature of the meaning of self-command and propriety have important philosophical implications, reflecting the relevance of moral autonomy in Smith's thought. The concluding chapter gives an example of the mistake of simply looking at a problem through the eyes of today. It questions the popular version of Smith as a forerunner or founder of general economic equilibrium theory by investigating the real nature of Smith's Newtonianism.