Liberty, Luxury, and Wealth
This colloquium reflected on various conceptions of wealth and luxury. The most important questions with respect to the topic were: What is the relation between liberty, luxury, and wealth? Is wealth a vice or a virtue? How are wealth and luxury to be understood?
From Liberty Fund
by By Helmut Schoeck
This classic study is one of the few books to explore extensively the many facets of envy—“a drive which lies at the core of man’s life as a social being.” Ranging widely over literature, philosophy, psychology, and the social sciences, Professor Schoeck— a distinguished sociologist and anthropologist—elucidates both the constructive…
The Theory of Moral Sentiments
By Adam Smith
Edited by D. D. Raphael and A. L. Macfie
The Theory of Moral Sentiments, Smith’s first and in his own mind most important work, outlines his view of proper conduct and the institutions and sentiments that make men virtuous. Here he develops his doctrine of the impartial spectator, whose hypothetical disinterested judgment we must use to distinguish right from…
An Inquiry into the Nature and Causes of the Wealth of Nations (vol. 2)
By Adam Smith
Edited by R. H. Campbell and A. S. Skinner
William B. Todd, Textual Editor
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that…
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