Adam Smith and the Idea of Virtuous Capitalists – Engage the Speaker
Engage the Speaker session for “Adam Smith and the Idea of Virtuous Capitalists”
Adam Smith is known as the founder of economics as well as the father of capitalism. But such characterizations usually miss how essential he thought morality and virtue were to flourishing societies. In fact, Smith’s work on economics is more powerful when read alongside his work on morality: Capitalists benefit from virtue and virtue flourishes under capitalism. This lecture explores Smith’s moral framework for assessing the benefits and the dangers of commercial society.