Adam Smith and the poor: A textual analysis
Scholars of classical economics have largely rejected the popular view of Adam Smith as an apologist for big business indifferent to the plight of the poor. To test and ultimately vindicate this consensus, I attempt to tabulate all mentions of the poor in Smith's published works in which their...
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| Published in: | Journal of economic behavior & organization Vol. 184; pp. 837 - 849 |
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| Main Author: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
Elsevier B.V
01-04-2021
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| Subjects: | |
| Online Access: | Get full text |
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| Summary: | Scholars of classical economics have largely rejected the popular view of Adam Smith as an apologist for big business indifferent to the plight of the poor. To test and ultimately vindicate this consensus, I attempt to tabulate all mentions of the poor in Smith's published works in which their well-being is under discussion. For each such appearance I assess his attitude toward such well-being, as well as where his sympathies lie should there be a conflict between the poor on one side and the rich and powerful on the other. The textual search strongly supports the idea that Smith was indeed partial to workers and the poor, although this judgment requires that the reader enter into Smith's patterns of thought about property rights, economic growth, and the system of natural liberty. |
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| ISSN: | 0167-2681 1879-1751 |
| DOI: | 10.1016/j.jebo.2020.08.035 |