Was Adam Smith Right? Evidence of Compensating Differential in CEO Pay

Adam Ferguson was a Professor of Moral Philosophy at the University of Edinburgh and a leading member of the Scottish Enlightenment. A friend of David Hume and Adam Smith, Ferguson was among the leading exponents of the Scottish Enlightenment’s attempts to develop a science of man and was among the first in the English speaking world to make use of the terms civilization, civil society, and political science. This book challenges many of the prevailing assumptions about Ferguson’s thinking. It explores how Ferguson sought to create a methodology for moral science that combined empirically based social theory with normative moralising with a view to supporting the virtuous education of the British elite. The Ferguson that emerges is far from the stereotyped image of a nostalgic republican sceptical about modernity, and instead is one much closer to the mainstream Scottish Enlightenment’s defence of eighteenth century British commercial society.

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Essays on Hume, Smith and the Scottish Enlightenment

10.3366/edinburgh/9781474415019.001.0001 ◽

2018 ◽

Cited By ~ 5

Author(s):

Christopher J. Berry

Keyword(s):

Intellectual History ◽

David Hume ◽

Adam Smith ◽

Detailed Examination ◽

Scottish Enlightenment ◽

Subsequent Work ◽

Retrospective Assessment ◽

The 1960S

A collection of essays by a leading scholar. The work selected spans several decades, which together with three new unpublished pieces, cumulatively constitute a distinct interpretation of the Scottish Enlightenment as a whole while incorporating detailed examination of the work of David Hume and Adam Smith. There is, in addition, a substantial introduction which, alongside Berry’s personal intellectual history, provides a commentary on the development of the study of the Scottish Enlightenment from the 1960s. Each of the previously published chapters includes a postscript where Berry comments on subsequent work and his own retrospective assessment. The recurrent themes are the ideas of sociability and socialisation, the Humean science of man and Smith’s analysis of the relation between commerce and morality.

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Adam Smith and Rousseau

10.3366/edinburgh/9781474422857.001.0001 ◽

2018 ◽

Cited By ~ 1

Keyword(s):

Political Philosophy ◽

Political Economy ◽

Adam Smith ◽

Key Concepts ◽

History And Literature ◽

Edinburgh Review

Jean-Jacques Rousseau and Adam Smith are two of the foremost thinkers of the European Enlightenment, thinkers who made seminal contributions to moral and political philosophy and who shaped some of the key concepts of modern political economy. Among Smith’s first published works was a letter to the Edinburgh Review where he discusses Rousseau’s Discourse on the Origin of Inequality. Smith continued to engage with Rousseau’s work and to explore many shared themes such as sympathy, political economy, sentiment, and inequality. This collection brings together an international and interdisciplinary group of Adam Smith and Rousseau scholars to provide an exploration of the key shared concerns of these two great thinkers in politics, philosophy, economics, history, and literature.

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Two Intellectual Landmarks in the Year 1749

Journal of Scottish Philosophy ◽

10.3366/jsp.2019.0231 ◽

2019 ◽

Vol 17 (2) ◽

pp. 101-123

Author(s):

Farhad Rassekh

Keyword(s):

Paradigm Shift ◽

David Hume ◽

Adam Smith ◽

Considerable Extent ◽

Monetary Theory ◽

Economic Theories ◽

Classical Economics ◽

Wealth Of Nations ◽

Economic Thinking

In the year 1749 Adam Smith conceived his theory of commercial liberty and David Hume laid the foundation of his monetary theory. These two intellectual developments, despite their brevity, heralded a paradigm shift in economic thinking. Smith expanded and promulgated his theory over the course of his scholarly career, culminating in the publication of The Wealth of Nations in 1776. Hume elaborated on the constituents of his monetary framework in several essays that were published in 1752. Although Smith and Hume devised their economic theories in 1749 independently, these theories complemented each other and to a considerable extent created the structure of classical economics.

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