[PDF] [2010] Lessons from the Global Financial Crisis The Releva

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Adam Smith was an advocate of the free market; however his first and widely-acclaimed work, The Theory of Moral Sentiments, was on ethics. While commentators tend to review this work in isolation from his writing on political economy, Richard Morgan argues that although The Wealth of Nations is concerned with political economy, Smith\'s pointed attacks on exploitation and greed reflect the ethics outlined in his first work and illuminate the constructive role he proposed for government.

Table of Contents:

Preface by Ian M. McDonald
Introduction
Smith’s Life and Career
The Philosopher Economist
Smith and Social Cohesion
Moral Judgments
How Living Standards Are Improved
Smith and Self Interest
The Importance of Benevolence
Self Interest Does Not Mean Selfish
Self Interest, Saving, Investment and Prosperity
Self Interest and the Banking Sector
Smith, the Critic of Exploitation
The Proponent of a Well Governed Society
The Threat of Government Intervention
Conclusion

Addendum – Diagram of key factors identified by Adam Smith and supporting quotations
References
About the Author