Adam Smith Reconsidered

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This work presents a radical reinterpretation of Adam Smith, urging economists, moral philosophers, political theorists, and intellectual historians to reassess his significance. Traditionally viewed as the father of modern economics, Smith's role as a moral philosopher has gained attention, yet his contributions to political theory remain underappreciated. Paul Sagar contends that Smith's political thought has been widely misunderstood, and a correct understanding necessitates a reevaluation of his status as an economist and moral philosopher. Instead of portraying Smith merely as a champion of the free market or a moralist concerned about the corrupting effects of trade, Sagar emphasizes his identity as a political thinker who significantly influenced political thought. Smith regarded war, rather than commerce, as the primary driver of political change and focused on the political implications and threats to commercial societies. This perspective reveals the depth of Smith's foundational contributions to Western political thought. By offering major reinterpretations of Smith's ideas, this book aims to transform our understanding of him, highlighting his original approach to political theory, which emphasizes historical context and a realist sensibility, from which contemporary thinkers can still learn.