A bracing study not just of Smith’s ideas, but also of how scholars and activists have used (and misused) them.
The iconic economist has become all things to all people over time, from Friedman-esque libertarian to anti-capitalist crusader.
Adam Smith (1723-1790), writes Harvard fellow Liu, was one of the brightest stars of the Scottish Enlightenment, with broad interests that ranged from law and rhetoric to philosophy and economics. Today, scholars are more inclined to link his notion of “moral sentiments”—that is to say, the bonds of social contract that make people want to conduct themselves honestly in business—to developments that he would spell out in The Wealth of Nations. The “invisible hand” evoked therein is one complexity. Another involves what Smith deemed self-interest, which, Liu suggests, does not mean dog-eat-dog but instead something approaching the golden rule: Trade fairly and freely with me, and I will do so with you. Yet his name has been hijacked as “shorthand for the virtues of free markets and the vices of government intervention in economic affairs.” The Founding Fathers put Smith’s ideas to work in constructing federalism precisely because they “appealed to enlightenment sensibilities about how to understand the governing dynamics of man in society.” For reasons of his own, Thomas Jefferson seems to have preferred French economists such as Jean-Baptiste Say, while Smith’s near-contemporary Alexander Hamilton “borrowed Smith’s distinction between ‘dead’ and ‘live’ stock to illustrate how banks did more than circulate precious metals.” Liu argues that Smith’s largely laissez faire attitudes did not mean a complete lack of government intervention, but the Chicago school of economics distorted his message in order to prove that self-interest meant, above all else, the “narrow desire for wealth.” Even if Chicago, the Heritage Foundation, and other right-leaning entities have tried to seize him for their cause, Liu examines the possibility that he may be “closer to the values of the contemporary left”—thus are the many ambiguities in his work.
A bracing study not just of Smith’s ideas, but also of how scholars and activists have used (and misused) them.Pub Date: Nov. 29, 2022
ISBN: 978-0-691-20381-2
Page Count: 384
Publisher: Princeton Univ.
Review Posted Online: July 12, 2022
Kirkus Reviews Issue: Aug. 15, 2022
This a book of earlier, philosophical essays concerned with the essential "absurdity" of life and the concept that- to overcome the strong tendency to suicide in every thoughtful man-one must accept life on its own terms with its values of revolt, liberty and passion. A dreary thesis- derived from and distorting the beliefs of the founders of existentialism, Jaspers, Heldegger and Kierkegaard, etc., the point of view seems peculiarly outmoded. It is based on the experience of war and the resistance, liberally laced with Andre Gide's excessive intellectualism. The younger existentialists such as Sartre and Camus, with their gift for the terse novel or intense drama, seem to have omitted from their philosophy all the deep religiosity which permeates the work of the great existentialist thinkers. This contributes to a basic lack of vitality in themselves, in these essays, and ten years after the war Camus seems unaware that the life force has healed old wounds... Largely for avant garde aesthetes and his special coterie.
Pub Date: Sept. 26, 1955
ISBN: 0679733736
Page Count: 228
Publisher: Knopf
Review Posted Online: Sept. 19, 2011
Kirkus Reviews Issue: Sept. 1, 1955
An incisive, urgently relevant analysis of—and call to action on—America’s foundational ideal.
An examination of how the U.S. can revitalize its commitment to freedom.
In this ambitious study, Snyder, author of On Tyranny, The Road to Unfreedom, and other books, explores how American freedom might be reconceived not simply in negative terms—as freedom from coercion, especially by the state—but positive ones: the freedom to develop our human potential within sustaining communal structures. The author blends extensive personal reflections on his own evolving understanding of liberty with definitions of the concept by a range of philosophers, historians, politicians, and social activists. Americans, he explains, often wrongly assume that freedom simply means the removal of some barrier: “An individual is free, we think, when the government is out of the way. Negative freedom is our common sense.” In his careful and impassioned description of the profound implications of this conceptual limitation, Snyder provides a compelling account of the circumstances necessary for the realization of positive freedom, along with a set of detailed recommendations for specific sociopolitical reforms and policy initiatives. “We have to see freedom as positive, as beginning from virtues, as shared among people, and as built into institutions,” he writes. The author argues that it’s absurd to think of government as the enemy of freedom; instead, we ought to reimagine how a strong government might focus on creating the appropriate conditions for human flourishing and genuine liberty. Another essential and overlooked element of freedom is the fostering of a culture of solidarity, in which an awareness of and concern for the disadvantaged becomes a guiding virtue. Particularly striking and persuasive are the sections devoted to eviscerating the false promises of libertarianism, exposing the brutal injustices of the nation’s penitentiaries, and documenting the wide-ranging pathologies that flow from a tax system favoring the ultrawealthy.
An incisive, urgently relevant analysis of—and call to action on—America’s foundational ideal.Pub Date: Sept. 17, 2024
ISBN: 9780593728727
Page Count: 368
Publisher: Crown
Review Posted Online: June 25, 2024
Kirkus Reviews Issue: Aug. 1, 2024
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