'A superb book' Financial Times, Books of the Year

Adam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? Or something else entirely? Jesse Norman's brilliantly conceived ook gives us not just Smith's economics, but his vastly wider intellectual project. Against the turbulent backdrop of Enlightenment Scotland, it lays out a succinct and highly engaging account of Smith's life and times, reviews his work as a whole and traces his influence over the past two centuries.

But this book is not only a biography. It dispels the myths and debunks the caricatures that have grown up around Adam Smith. It explores Smith's ideas in detail, from ethics to law to economics and government, and the impact of those ideas on thinkers as diverse as Karl Marx, Charles Darwin, John Maynard Keynes and Friedrich Hayek. Far from being simply an economist, Adam Smith emerges as one of the founders of modern social psychology and behavioural theory. Far from being a doctrinaire 'libertarian' or 'neoliberal' thinker, he offers a strikingly modern evolutionary theory of political economy, which recognises the often complementary roles of markets and the state.

At a time when economics and politics are ever more polarized between left and right, this book, by offering a Smithian analysis of contemporary markets, predatory capitalism and the 2008 financial crash, returns us to first principles and shows how the lost centre of modern public debate can be recreated. Through Smith's work, it addresses crucial issues of inequality, human dignity and exploitation; and it provides a compelling explanation of why he remains central to any attempt to defend, reform or renew the market system.

A brilliant account of the life, thought and continuing importance of the world's greatest economist.

About the Author
Jesse Norman is the Member of Parliament for Hereford and South Herefordshire. He read classics at Oxford and completed a masters and a doctorate in Philosophy from University College London. Before entering politics, he ran an educational project working in Communist Eastern Europe, and was a director at Barclays. He has been an Honorary Fellow at UCL, a Governor of the National Institute for Economic and Social Research, and a Visiting Fellow at All Souls, Oxford. His previous books include a celebrated study of Edmund Burke.

Reviews
This splendid book not only presents an excellent introduction to the life and ideas of Adam Smith, but also explains why - and how - Smith's insights can help us solve some of the most difficult social and economic problems of the contemporary world. Smith loved lucidity and relevance, and I think he would have been very happy with Norman's book. -- Amartya Sen
Masterly ... amid the superficiality and hysterics of modern British politics, an admirably thoughtful brain is lurking -- Edward Lucas * The Times *
An important work of revisionist biography with a direct and important impact on the intellectual underpinnings of liberal free-market thought -- Oliver Letwin * Telegraph *
Superb ... Norman succeeds in demonstrating the coherence and subtlety of Adam Smith's thought -- Martin Wolf * Financial Times (Books of the Year) *
A remarkable and intensely readable book ... a rejoinder to those who fear that the intellectual has disappeared from politics -- John Kay * Financial Times *
This book is well-written, well-argued and intensely thought-provoking, and it will rightly raise Smith's posthumous reputation -- Simon Heffer * Spectator *



Book Information
ISBN 9780141987118
Author Jesse Norman
Format Paperback
Page Count 416
Imprint Penguin Books Ltd
Publisher Penguin Books Ltd
Weight(grams) 315g
Dimensions(mm) 198mm * 129mm * 23mm