The most recommended Adam Smith books

I dropped out of law school to pursue a PhD in music at the University of Glasgow and to write the history of the flute in Scotland. Essentially, I wanted to know that if Scotland was a leader in Enlightenment thought, and if there were hundreds of publications with flute on the title page, and since the flute was the most popular amateur instrument in the eighteenth century, why was nothing written about the flute. I obsessively read Scottish mythology as a child, and was always drawn to the stereotypical wild misty landscapes of Scotland without knowing much about it. 

 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. 

Art, technology, and science…I have been seamlessly traversing domains all my life. I grew up with twin interests in physical sciences and visual arts, finding beauty in math and art and seeing creativity as being one thing rather than something living in compartments. Art influenced my research in chaos and complexity, and blurring boundaries characterized my work as dean of engineering when creating educational/research initiatives in design, art, entrepreneurship, energy, and sustainability. I also received visible external recognition as a Guggenheim Fellow and member of both the National Academy of Engineering and the National Academy of Sciences, as well as the American Academy of Arts and Sciences.

I was a pretty poor student in high school and college but did reasonably well in my history classes. Much of the credit goes to a few inspired teachers who, at least in memory, made me feel that I was a witness at every turn to some grand Gibbonesque moment of truth. Perhaps they aroused in my mind the wonderful prospect of a life spent roaming unfettered in the realm of ideas. In reality, much else comes with the territory but it is nevertheless true that we academic historians get to use up a fair number of unpoliced hours doing just that. Mine have largely been expended on problems of collective identity and the formation of national movements.

I am a social scientist who has been doing fieldwork and research in Africa since 1999. For me, there’s no more fascinating part of the planet – Africa is the cradle of civilization, more diverse than anywhere else and culturally and institutionally vibrant and creative. I have worked in Botswana, the Democratic Republic of Congo, Nigeria, Sierra Leone, South Africa and Zimbabwe investigating the determinants of political institutions and economic prosperity. I have taught courses on Africa at Harvard University, the University of Chicago, the University of Ghana at Legon and this summer the University of Nigeria in Nsukka.

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. 

I’m an associate professor of economics at Grove City College, where I love introducing students to the economic point of view. My first book, listed below, pursues the relentless logic of tradeoffs. My second book (co-authored with Art Carden), Mere Economics: Lessons for and from the Ordinary Business of Life, is due out in early 2025. It examines how human beings expand their options through cooperation. For me, internalizing the economic point of view is a lifelong project. I think it will become yours, too, if you try these books! 

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).

In spite of many setbacks, living standards have trended upwards over the last 10,000 years. One of my main interests as an economist has been to understand the sources of this trend and its broad effects. The key driving force is new technologies. We are better off than our Victorian ancestors, not because we have more of what they had but because we have new things, such as airplanes and indoor plumbing. However, these new technologies have also brought some unfortunate side effects. We need to understand that dealing with these successfully depends, not on returning to the use of previous technologies, but on developing newer technologies such as wind and solar power.

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.