Fans pick 100 books like Adam Smith

By Samuel Fleischacker,

Here are 100 books that Adam Smith fans have personally recommended if you like Adam Smith. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Adam Smith: An Enlightened Life

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

Phillipson’s book is, for us, the best intellectual biography about Smith.

It provides a balanced overall account of Smith’s economics and wider thought and traces their origins and evolution back to the places where Smith lived. It is a very fine read indeed. Quite possibly it is the most insightful book yet on Smith’s life and work.

It is a must-read for Smith scholars. It is also an important corrigendum to the many accounts that describe Smith as an absent-minded professor, somewhat detached from the world. Phillipson argues convincingly that Smith, while he may have had Asperger’s, was a man of the world, a very competent administrator in academic and other matters, and a much sought-after policy advisor at the highest level.

By Nicholas Phillipson,

Why should I read it?

2 authors picked Adam Smith as one of their favorite books, and they share why you should read it.

What is this book about?

Adam Smith is celebrated all over the world as the author of The Wealth of Nations and the founder of modern economics. A few of his ideas - such as the 'Invisible Hand' of the market - have become icons of the modern world. Yet Smith saw himself primarily as a philosopher rather than an economist, and would never have predicted that the ideas for which he is now best known were his most important. This book, by one of the leading scholars of the Scottish Enlightenment, shows the extent to which The Wealth of Nations and Smith's other great…


Book cover of Our Great Purpose: Adam Smith on Living a Better Life

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

Ryan Patrick Hanley is a Great Enlightenment scholar and one of the very best scholars on Smith (see also his Adam Smith and the Character of Virtue).

Focusing on Smith’s moral philosophy and especially on his description of the excellent character (cultivating prudence, justice, self-command, and beneficence), Hanley offers us a different and unknown picture of Smith, one of a man who was deeply concerned with, and who can still offer us deep insights into, how to live a better life and reach that “great purpose” we all strive for, happiness.  

By Ryan Patrick Hanley,

Why should I read it?

1 author picked Our Great Purpose as one of their favorite books, and they share why you should read it.

What is this book about?

Invaluable wisdom on living a good life from the founder of modern economics

Adam Smith is best known today as the founder of modern economics, but he was also an uncommonly brilliant philosopher who was especially interested in the perennial question of how to live a good life. Our Great Purpose is a short and illuminating guide to Smith's incomparable wisdom on how to live well, written by one of today's leading Smith scholars.

In this inspiring and entertaining book, Ryan Patrick Hanley describes Smith's vision of "the excellent and praiseworthy character," and draws on the philosopher's writings to show…


Book cover of The Oxford Handbook of Adam Smith

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

This handbook, edited by three well-known Smith scholars, follows on from a conference organised for the 250th anniversary of the publication of Smith’s Theory of Moral Sentiments although it is not a proceedings volume.

The book has seven parts, each part featuring four chapters. These 28 chapters cover all bases, from an introductory outline of life, times, and legacy, over the importance of Smith’s unpublished work, the importance to Smith of rhetoric, ethics, aesthetics, theatre, and fashion, to Smith’s view on commerce and morality, his view on religion, and Smith’s legacy and influence, among many other topics.

By Christopher J. Berry (editor), Maria Pia Paganelli (editor), Craig Smith (editor)

Why should I read it?

1 author picked The Oxford Handbook of Adam Smith as one of their favorite books, and they share why you should read it.

What is this book about?

Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and then typically it is of an uninformed nature; that he is an apologist for capitalism, a forceful promoter of self-interest, a defender of greed and a critic of any 'interference' in market transactions . To offset this caricature, this Handbook provides an informed portrait. Drawing on the expertise of leading…


Book cover of Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century

Andreas Ortmann and Benoit Walraevens Author Of Adam Smith's System: A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

From my list on the Adam and smith of modern economics.

Why are we passionate about this?

 AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth. 

Andreas and Benoit's book list on the Adam and smith of modern economics

Andreas Ortmann and Benoit Walraevens Why did Andreas and Benoit love this book?

Smith is generally considered as the father of economics, laying its foundations in the eighteenth century.

But he can also be an inspiration for rethinking economics (providing more realistic assumptions about human conduct) and laboratory experiments in the twenty-first century, helping us to build a new “Humanomics” (see also McCloskey’s two books on this subject). That’s what Vernon Smith (Nobel Prize in Economics in 2002) and Bart Wilson convincingly argue for in their uncommon and innovative book. Smith is still alive (and well alive) today. 

By Vernon L. Smith, Bart J. Wilson,

Why should I read it?

1 author picked Humanomics as one of their favorite books, and they share why you should read it.

What is this book about?

While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, Nobel Prize-winning economist Vernon L. Smith and his long-time co-author Bart J. Wilson bring their study of economics full circle by returning to the founder of modern economics, Adam Smith. Sometime in the last 250 years, economists lost sight of the full range of human feeling, thinking, and knowing in everyday life. Smith and Wilson show how Adam Smith's model of sociality can re-humanize twenty-first century…


Book cover of The Routledge Guidebook to Smith's Wealth of Nations

Christopher J. Berry Author Of Adam Smith: A Very Short Introduction

From my list on who Adam Smith was and why he's still important.

Why am I passionate about this?

I’ve studied Smith and his Scottish contemporaries, off and on, for over fifty years. My whole professional career has been spent at Glasgow University where Smith was both a student and later professor. I thus have a personal affinity to him and his work, all the more so because his published writings were all trailed in his professorial classroom. While I have published extensively on Smith, the particular book of mine that I’ve selected was chosen because I wanted to distill all my scholarship into a volume that would be accessible to non-academics. 

Christopher's book list on who Adam Smith was and why he's still important

Christopher J. Berry Why did Christopher love this book?

The title of this book unambiguously states its purpose. What, above all, impressed me was how Paganelli, an academic economist, fulfilled this purpose so splendidly. The Wealth of Nations is one of the great books in the history of economics, but it is a large and somewhat intimidating volume, which has meant it has usually been cited without ever being read.

This book systematically and carefully explains the book chapter by chapter but never misses ‘the wood for the trees’. While ideal for students, with guides for future reading, for anyone who just wants to discover what this great book says beyond headline summaries, and why it is important, this is the text to read.

By Maria Pia Paganelli,

Why should I read it?

1 author picked The Routledge Guidebook to Smith's Wealth of Nations as one of their favorite books, and they share why you should read it.

What is this book about?

Adam Smith (1723-1790) is famous around the world as the founding father of economics, and his ideas are regularly quoted and invoked by politicians, business leaders, economists, and philosophers. However, considering his fame, few people have actually read the whole of his magnum opus The Wealth of Nations - the first book to describe and lay out many of the concepts that are crucial to modern economic thinking. The Routledge Guidebook to Smith's Wealth of Nations provides an accessible, clear, and concise introduction to the arguments of this most notorious and influential of economic texts. The Guidebook examines:

the historical…


Book cover of Adam Smith in His Time and Ours

Christopher J. Berry Author Of Adam Smith: A Very Short Introduction

From my list on who Adam Smith was and why he's still important.

Why am I passionate about this?

I’ve studied Smith and his Scottish contemporaries, off and on, for over fifty years. My whole professional career has been spent at Glasgow University where Smith was both a student and later professor. I thus have a personal affinity to him and his work, all the more so because his published writings were all trailed in his professorial classroom. While I have published extensively on Smith, the particular book of mine that I’ve selected was chosen because I wanted to distill all my scholarship into a volume that would be accessible to non-academics. 

Christopher's book list on who Adam Smith was and why he's still important

Christopher J. Berry Why did Christopher love this book?

This is a lively and engaging book that bears its learning lightly. That stylistic presentation is coupled with a broad agenda to counter common assumptions and distortions about Smith, with the aim, as Muller himself declares, to recover Smith’s own intentions from subsequent misreadings.

While opinionated it is even-handed, neither bland nor strident. What singles out this book and what I found distinctively insightful was a lengthy discussion of the differing receptions of Smith’s work in the two-hundred years since his death.   

By Jerry Z. Muller,

Why should I read it?

1 author picked Adam Smith in His Time and Ours as one of their favorite books, and they share why you should read it.

What is this book about?

Counter to the popular impression that Adam Smith was a champion of selfishness and greed, Jerry Muller shows that the Inquiry into the Nature and Causes of the Wealth of Nations maintained that markets served to promote the well-being of the populace and that government must intervene to counteract the negative effects of the pursuit of self-interest. Smith's analysis went beyond economics to embrace a larger "civilizing project" designed to create a more decent society.


Book cover of The Oxford Handbook of Ethics and Economics

Eyal Zamir and Barak Medina Author Of Law, Economics, and Morality

From my list on ethics and economics.

Why are we passionate about this?

We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.

Eyal's book list on ethics and economics

Eyal Zamir and Barak Medina Why did Eyal love this book?

This collection of essays by some of the leading contemporary scholars in ethics and in economics provides both critical surveys of the various interactions between these two bodies of thought and original suggestions for future advancements in this important intersection.

The collection includes both general and theoretical inquiries and more specific applications. It may be of interest both to academics (scholars and students) and to policymakers and laypersons.

By Mark D. White (editor),

Why should I read it?

1 author picked The Oxford Handbook of Ethics and Economics as one of their favorite books, and they share why you should read it.

What is this book about?

Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths.

The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics;…


Book cover of An Outline of the History of Economic Thought

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

I enjoyed reading this book as it provided a deep, and engaging overview of economic theory.

The authors manage to strike a balance between providing a high-level theoretical discussion and making the content accessible to a wider audience. One thing that stood out to me was the authors' emphasis on the diversity of the various schools of economic thought.

In their work, they avoid the common pitfall of suggesting that the history of Economics has “ended”, and instead observe the evolution of economic theory over time. Also, I appreciate the fact that they do not believe that theories in fashion today necessarily provide an adequate explanation for the functioning of the economy.

Overall, I recommend this book to anyone interested in gaining insight into Economics’ controversial development.

By Ernesto Screpanti, Stefano Zamagni,

Why should I read it?

1 author picked An Outline of the History of Economic Thought as one of their favorite books, and they share why you should read it.

What is this book about?

This book provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter, and modern theories are presented as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between pure historians of thought who dedicate themselves exclusively to studying
facts, and pure theorists who are interested in the evolution of the logical structure of theories.

The second edition contains several changes and additions. The authors give due consideration…


Book cover of The Invisible Heart: An Economic Romance

Why am I passionate about this?

I am an economics professor who believes my profession has important things to contribute to society but has done a poor job. My colleagues spend much of their time writing esoteric articles that 6 other academics will read, and one in a million will actually improve the lives of people. I consider myself a “blue-collar academic”; I am basically a farm kid (still live on a small farm) with a bunch of degrees attempting to bring good economic insights to more people so those ideas can be applied and used by real people living real lives so I am always on the search for others who are doing just that. 

Brian's book list on Economics books that will not bore you like the students in Ferris Bueller’s Day Off

Brian Baugus Why did Brian love this book?

I do not read romance novels; they're not my thing, except this one. I found this book to be charming and an easy read. It delivers good ideas in a format that is so missing these days: earnest conversation between people who respect each other despite differences, a respect that grows into a romance.

I thought this was a fun read, I found myself rooting for the characters, hoping things worked out and the economics is delivered in easy chunks and not preachy or overbearing and a natural part of the story.

By Russell Roberts,

Why should I read it?

1 author picked The Invisible Heart as one of their favorite books, and they share why you should read it.

What is this book about?

A lively, unorthodox look at economics, business, and public policy told in the form of a novel.

A love story that embraces the business and economic issues of the day?

The Invisible Heart takes a provocative look at business, economics, and regulation through the eyes of Sam Gordon and Laura Silver, teachers at the exclusive Edwards School in Washington, D.C. Sam lives and breathes capitalism. He thinks that most government regulation is unnecessary or even harmful. He believes that success in business is a virtue. He believes that our humanity flourishes under economic freedom. Laura prefers Wordsworth to the Wall…


Book cover of History of Economic Analysis

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

Since my PhD was based on Schumpeter's work, I can confidently state that it is well worth exploring the fascinating world of Economics through one of history's greatest economists.

This masterpiece takes the reader on a journey through every corner of the subject, paying particular attention to even the smallest details. A unique and thought-provoking view of Economics is offered by Schumpeter in his over 1000 pages of brilliant insights.

This book distinguishes itself from others through its deep and unconventional interpretation of Economics. It is a must-read for anyone seeking a thorough understanding of Economics as Schumpeter provides fresh insights on various topics.

However, it would be much better if it covered more recent developments. Enjoy this tour of Economics with Schumpeter and you will never get bored!

By Joseph A Schumpeter, Elizabeth Boody Schumpeter (editor),

Why should I read it?

2 authors picked History of Economic Analysis as one of their favorite books, and they share why you should read it.

What is this book about?

At the time of his death in 1950, Joseph Schumpeter--one of the great economists of the first half of the 20th century--was working on his monumental History of Economic Analysis. A complete history of efforts to understand the subject of economics from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. Although never fully completed, it has gained recognition as a modern classic due to its broad scope and original examination of significant historical events. Complete with a new introduction by Mark Perlman, who outlines the structure of…


Book cover of Adam Smith: An Enlightened Life
Book cover of Our Great Purpose: Adam Smith on Living a Better Life
Book cover of The Oxford Handbook of Adam Smith

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