AMONG ADAM SMITH’S scant surviving papers, one can’t find a flat statement such as “I attend every Sunday Old St. Paul’s Scottish Episcopal Church on Jeffrey Street.” The phrase “the invisible hand” had some theological resonance at the time. Yet it is grossly overquoted by people who have not actually read Smith and instead want a bumper sticker. Smith used it only three times in all his surviving writings, once in each of his two published books and once in an unpublished treatise on astronomy. In each, it is used in diverging senses.
But the Australian economist and Christian theologian Paul Oslington, who has read Smith, argues persuasively that numerous words and phrases in Smith’s writings, such as “natural,” and such rotundities as “the Author of nature” or “the invisible hand,” stand for “the Christian doctrine of divine providential care for humanity.” Adam Smith, in short, was a Christian.
Smith was continuing in secular matters the project of “natural theology,” a theology dear to, say, Isaac Newton. In a phrase that goes back to Thomas Aquinas, God’s “other book” was physical nature. But, said Smith, it was social nature too. The word nature and its compounds are extraordinarily frequent in Smith. The term appears 670 times in Wealth of Nations and 520 in The Theory of Moral Sentiments. Seldom does it refer, as after Darwin we would suppose, merely to the natural physical world. Overwhelmingly it is used in Wealth of Nations in an economic-psychological sense and in The Theory of Moral Sentiments in a social-theological sense.
Esta historia es de la edición July 2023 de Reason magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2023 de Reason magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Libertarianism From the Ground Up
ARGUMENTS FOR LIBERTARIANISM typically take two forms. Some libertarians base their creed on natural rights-the idea that each individual has an inborn right to self-ownership, or freedom from aggression, or whatever-and proceed to argue that only a libertarian political regime is compatible with those rights.
Lawlessness and Liberalism
THE UNITED STATES is notorious both for mass incarceration and for militarized police forces.
Politics Without Journalism
THE 2024 CAMPAIGN WAS A WATERSHED MOMENT FOR THE WAY WE PROCESS PUBLIC AFFAIRS.
EVERY BODY HATES PRICES
BUT THEY HELP US DECIDE BETWEEN BOURBON AND BACONATORS.
The Great American City Upon a Hill Is Always Under Construction
AMERICA'S UTOPIAN DREAMS LEAD TO URBAN EXPERIMENTATION.
Amanda Knox Tells Her Own Story
\"OUR CRIMINAL JUSTICE SYSTEM RELIES UPON OUR OWN IGNORANCE AND THE FACT THAT WE DON'T KNOW WHAT OUR RIGHTS ARE.\"
Trade Policy Amnesia
WHILE HE WAS interviewing for the job, President Joe Biden demonstrated an acute awareness of how tariffs work. It's worrisome that he seems to have forgotten that or, worse, chosen to ignore it-since he's been president.
Civil Liberties Lost Under COVID
WHEN JOE BIDEN was sworn in as president in January 2021, he had good reason to be optimistic about the trajectory of the COVID-19 pandemic.
Bye, Joe
AMERICA'S 46th president is headed out the door. After a single term marked by ambitious plans but modest follow-through, Joe Biden is wrapping up his time in office and somewhat reluctantly shuffling off into the sunset.
Q&A Mark Calabria
IF YOU HAVE a mortgage on your home, the odds are that it's backed by one of two congressionally chartered, government-sponsored enterprises (GSES), Fannie Mae and Freddie Mac.