Glory Liu

Eamon Butler, Director of the Adam Smith Institute, shares insights on free-market ideologies, while Glory Liu, a scholar on Adam Smith, highlights his influence on American capitalism. Russ Roberts dives into the moral implications of Smith's theories, questioning the balance between market efficiency and ethics. The discussion tackles Smith's complex legacy, including his interpretations on colonialism and the misreading of his 'invisible hand' by modern economists. Together, they unravel the tensions in today's political climate, linking historical concepts to contemporary issues.

Discover the historical roots of capitalism through Enlightenment thinkers like Spinoza and Smith. Explore the shift in mindset towards wealth accumulation, liberalism, and democracy. Unveil Adam Smith's complex philosophy beyond the 'invisible hand,' advocating for fair markets and government intervention. Dive into the evolution of capitalism through firms and the dual nature of innovation and inequality.

Glory Liu, a Harvard lecturer and author of "Adam Smith’s America," dives deep into the legacy of Adam Smith, often mischaracterized as solely the father of capitalism. Liu reveals Smith's original intentions, emphasizing moral philosophy and the human-centered aspects of economics. Their discussion critiques the one-dimensional interpretations of Smith’s work, particularly the 'invisible hand,' illustrating how empathy intertwines with self-interest in economic behavior. Tune in for a rich exploration of how Smith's ideas apply to today's social and economic challenges.

Glory Liu, a Harvard lecturer and author of "Adam Smith’s America," dives deep into the legacy of Adam Smith, often dubbed the ‘father of capitalism.’ She challenges the common misconceptions about his philosophies, emphasizing his critiques of poverty and inequality. The conversation reveals the importance of viewing wealth through the lens of quality of life rather than mere financial success, and highlights the intertwined roles of sympathy and self-interest in human motivation. Liu’s insights unravel the complexities of capitalism and prompt a reevaluation of Smith's ideas today.

Matthew Lazin-Ryder, a CBC producer and IDEAS contributor, discusses the misuse of Adam Smith's name in economic debates. Dennis Rasmussen, a political science professor, explores Smith's philosophical origins and moral questions. Ryan Hanley, also a professor, highlights Smith's teachings on living a better life. Glory Liu, a research fellow, examines the evolution of Smith’s interpretations over time. Together, they dissect the complexities of Smith’s legacy as both a champion and critic of capitalism, emphasizing the need to understand his ideas historically.