Adam Smith was a moral philosopher, a bold voice of the Scottish Enlightenment, the world’s first economist, and author of The Theory of Moral Sentiments and The Wealth of Nations. But in todays’ seemingly ruthless competitive environment, where the stakes are high, can ethical and honest businesses still prosper? How are Smith’s ideas about markets and morality relevant today?

Today’s podcast is from our public television documentary film, Morality and Markets, the first of a two-part series, The Real Adam Smith: A Personal Exploration by Johan Norberg.