What Is Capitalism? (with Mike Munger)

Published in 1759, 'The Theory of Moral Sentiments' is Adam Smith's first major published work, based on his lectures at Glasgow University. The book argues that morality is driven by humanity's natural sociability and the need for approval from peers, rather than by rational calculation or innate moral sense. Smith introduces key concepts such as sympathy, the impartial spectator, and the invisible hand, which explain how individuals judge the conduct and character of themselves and others. The work delves into the emotional and social aspects of human behavior, highlighting the role of emotions like pity and compassion in shaping moral sentiments and behaviors[1][3][4].

In 'The Truce', Primo Levi recounts his eight-month journey from Auschwitz back to Turin, Italy, after the camp's liberation. The book vividly describes his experiences in various displaced persons camps and his encounters with diverse characters during his travels through Eastern Europe and the Soviet Union. Levi's narrative is marked by its vivid portrayal of humanity and the challenges of returning to normal life after such traumatic events.

In 'Invisible Man,' Ralph Ellison tells the story of a nameless black protagonist who navigates the surreal and often hostile world of 20th-century America. The novel begins with the narrator living in an underground room, reflecting on his life and the various ways he has experienced social invisibility. He recounts his journey from a small Southern town to Harlem, involving experiences with racism, a brutal 'battle royal,' and his involvement with the Brotherhood, a civil rights group. The narrative delves into themes of identity, power, and the struggle for self-definition in a society that refuses to see him. Through his experiences, the narrator grapples with the complexities of being a black man in America, ultimately leading to a profound exploration of invisibility and the search for one's true self[1][4][5].

Published in 1776, 'The Wealth of Nations' is Adam Smith's magnum opus that laid the groundwork for modern economics. The book critiques mercantilist economic theories and introduces the concept of the 'invisible hand,' which describes how individual self-interest leads to societal benefit. It emphasizes the division of labor, the accumulation of capital, and the importance of free markets. Smith argues that a nation's wealth is not measured by its gold and silver reserves but by the stream of goods and services it produces. The book also outlines the core functions of government, such as maintaining defense, enforcing civil law, and promoting education, while advocating for limited government intervention in market activities.