What Adam Smith Knew: Moral Lessons on Capitalism from Its Greatest Champions and Fiercest Opponents

(Paperback)

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What exactly is capitalism, and why do its advocates support it What are the central objections raised tocapitalism Are there moral reasons to support capitalism, or to oppose it This book contains excerpts fromseminal historical and contemporary readings exploring the nature, purpose, and effects of capitalism, from themost important expositors themselves. In this time of globalisation and economic turbulence, its questions couldnot be more timely, or important. If you want to develop an informed judgment about whether markets andmorality mix, start here.

Author Bio

James R. Otteson is the executive director of the BB&T Center for the Study of Capitalism, and teaching professor of political economy at Wake Forest University. He received his B.A. from Notre Dame and his Ph.D. from the University of Chicago. His published works include Adam Smith's Marketplace of Life (Cambridge, 2002) and Actual Ethics (Cambridge, 2006), the latter of which won the 2007 Templeton Enterprise Award. His most recent book is Adam Smith (Bloomsbury, 2013). His next book, The End of Socialism, will be published by Cambridge University Press in 2014.