The Real Adam Smith, Pt. 1: Morality and Markets
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Overview
What can a man with a plain name who lived over 200 years ago tell us about life today? Who was the REAL Adam Smith? And why should we care? In this two-hour, two-part documentary, Swedish author, commentator, and Cato Senior Fellow Johan Norberg explores Adam Smith’s life, his ideas about morality and economics, and how the concepts he discussed in his books and lectures are still relevant today.
Morality and Markets
Part one explores Adam Smith’s life and role in the Scottish Enlightenment, his thoughts on empathy, and how we distinguish right from wrong. French wine, Scottish whiskey, and freshly-baked scones all illustrate Smith’s economic principles. True wealth is defined. We discover Smith’s thoughts on the government’s role in markets, his distaste for monopolies/crony capitalism in the form of the East India Company, and his thoughts on the American colonies.