The Chicago School: Foundations of Neoliberalism

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)

Enjoyed this episode? Rate The Gray Area ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.

Subscribe for free. Be the first to hear the next episode of The Gray Area. Subscribe in your favorite podcast app.

Support The Gray Area by making a financial contribution to Vox! bit.ly/givepodcasts

This episode was made by: 

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

Learn more about your ad choices. Visit podcastchoices.com/adchoices