Source: Law & Liberty
by Samuel Gregg
“[Adam] Smith is convinced that the commercial society which he describes and analyzes in The Wealth of Nations cannot do without the morally sensitive being of The Theory of Moral Sentiments, if markets and liberty more generally are to be sustained over the long-term. There is, however, something else that unites the two books. Both flow from Smith’s commitment to the Scottish Enlightenment project of improvement, at the heart of which is what David Hume called the ‘science of man.’ That is the light in which we should place these two volumes. It reveals to us Smith’s essential humanism as someone who believed that the economy of natural liberty was part-and-parcel of what Smith called a ‘decent’ society.” (03/11/26)