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Adam Smith's Marketplace of Life

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04/28/2004
James R. Otteson, Adam Smith's Marketplace of Life. Cambridge: Cambridge University Press, 2002. xiii + 338 pp. $26 (paperback), ISBN: 0-521-01656-8. Reviewed for EH.NET by Jeffrey T. Young, Department of Economics, St. Lawrence University. For too long Adam Smith has been viewed almost exclusively as the intellectual property of economists. Economists, I would guess, have written most of the secondary literature. His work has, of course, always been available to the philosophers, but since the publication of the Wealth of Nations there has been a feeling about that Smith was a first rate economist, but a second rate philosopher. [MORE]

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

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