The most recommended Adam Smith books

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.

Are you looking for a good introduction to Economics?

Then, as I did, start with a brilliant survey of the main thinkers, who have shaped our understanding of the economic system. These economists’ thoughts ranged from addressing how to improve the quality of life for all, to understanding the source of value and the functioning of the economy.

Although they were not always accurate, their influence on contemporary Economics is tremendous, and Heilbroner's writing style will captivate you. I recommend this book to all of my students and colleagues.

In fact, after reading this book during my University studies, I became inspired to study Economics in depth and engage in scholarly research. Even switched from Engineering, Mathematics, and Physics to Economics, Finance, and Data Science.

What was impressive about this book and what made me recommend it (on the back cover) was how it succeeded in covering the full range of Smith’s work while demonstrating that it possesses a common unifying thread.

The author has already written a learned treatment of Smith (based on his doctoral dissertation); this volume, as befits a designedly introductory book, is written without jargon, in careful, clear prose. While students will gain the most benefit (the purpose of the series of which it is a part), it is, as well as informative, accessible to anyone with an initial interest in Smith, which it will succeed in broadening and deepening. 

Even though Adam Smith is often said to be the father of all that is good or bad about capitalism very few people have read his famous Wealth of Nations. Why? Well, 1) they think they already know what’s in it: no government intervention in the economy, thank you. 2) It is two volumes. 3) It must be very dreary because it is about economics, and 4) they are not good at economics or math.  

But read it for yourself, and you will find that it is readable, nuanced, and you can skip the bits that you can’t make out, enjoy the examples, and decide for yourself what he actually argued and whether you agree with it or not.

This short book by Nobel Prize winner, the philosopher and economist Amartya Sen, critically analyzes the simplifying assumptions underlying standard economic analysis, such as that people are only interested in advancing their own interests, the undesirable ramifications of these assumptions, and ways to improve economic analysis.

At the same time, the book points to the potential contribution of the economic approach to the study of ethics.

Part of the series meant to cater to “those new to philosophy” while also being “essential reading for those interested in the subject at any level.” It’s a little bit like squaring the circle. But Fleischacker (also the author of an excellent book on Smith’s Wealth of Nations almost twenty years back) manages to do so.

There are two ingredients that make Fleischacker’s latest book such a must-read. First, his ability to synthesize complicated issues (such as what distinguishes Smith’s and Hume’s theories of self-command) in language accessible to motivated laypeople. Second, his outstanding scholarship.

Fleischacker really knows his stuff, as reflected in the richness of the footnotes to each of the chapters. Many of them are little gems and literature reviews of consistently high quality.

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.

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.   

This book will educate you and show how ideas are connected to each other.

Could there be social science laws? What did social science borrow from physics and math? And, more surprisingly, what physics borrowed from social science when disciplines were just emerging? Complex systems serve as a backdrop for many of the stories. The history of science is far from rectilinear. That’s what makes the story fascinating.

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.