The Duality of Smith's Legacy in Capitalism

Sean Illing talks with Glory Liu, the author of Adam Smith’s America: How a Scottish Philosopher became an Icon of American Capitalism. Smith is most well-known for being the “father of capitalism,” but as Liu points out in her book, his legacy has been misappropriated — especially in America. They discuss his original intentions and what we can take away from his work today.

Host: Sean Illing (@seanilling), host, The Gray Area

Guest: Glory Liu (@miss_glory), author; lecturer, Harvard University

References: 

• Adam Smith’s America: How a Scottish Philosopher became an Icon of American Capitalism by Glory Liu (Princeton; 2022)
• Adam Smith: An Enlightened Life by Nicholas Phillipson (Yale; 2012)
• Free to Choose: A Personal Statement by Milton & Rose Friedman (Harcourt; 1980)
• “Adam Smith’s ‘History of Astronomy’ and view of science” by Kwangsu Kim (Cambridge Journal of Economics v. 36; 2012)

Works by Adam Smith:

• The Wealth of Nations (1776)
• Theory of Moral Sentiments (1759)
• Lectures on Jurisprudence (1763)

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This episode was made by: 

• Producer: Erikk Geannikis
• Editor: Amy Drozdowska
• Engineer: Patrick Boyd
• Editorial Director, Vox Talk: A.M. Hall

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