In this accessible book, Gavin Kennedy takes a fresh look at Adam Smith's moral philosophy and its links to his political economy and his lectures on Jurisprudence. The book provides a new analysis of Wealth of Nations, and argues that Adam Smith's intellectual legacy was completely transformed in the 19th and 20th Centuries by economists pursuing different agendas, to create ideas and policies that Smith did not advocate. It also provides a new explanation for the main mysteries about Smith's later life.

Preface and Acknowledgements
Bibliographical Note
General Introduction
Part I: The Man
Introduction
Smith's Family Background
Disease of the Learned
A 'Juvenile' Work
Bad Days at Balliol
A Game of Great Skill
His Strategic Allegiance
Professor Smith! Part II: Impartial Spectators
Introduction
The Religious Climate
On Benevolence
A Poem about a Louse
The Impartial Spectator
The Looking Glass
Social Cohesion
The Ends of Nature
Part III: Impartial Jurists
Justice as a Negative Virtue
Constitutional Monarchy
Foundations of Liberty
History as Imagination
The Four Stages
Was He Aware of a Fifth Stage? Part IV: Impartial Competition
Introduction
A Linguistic Osmosis
Insufficiency of Self-love
Self-love and Conditionality
Of the Process of Negotiation
Of Distracting and Dismal Confusions
Of Pins and Things
Of Common Coats and Opulence
Alienation: Rhetoric or Substance
What Industrial Revolution? Significance of Smith's 'Unawareness'
Why Smith 'Retired'
On Laissez Faire
The Wonderful World of Adam Smith? In the Absence of Perfect Liberty
Monopolists in Product Markets
Against the Public Interest
The Impartial Competitor
The Mercantile System
The 'Invisible' Hand
The Ends of Monopoly? Smithian Markets
Commercial Revival
On the Virtues of Frugality
On Market Interference
Famous Exceptions to Free Trade
Of Strawberries and Buttons
Cheerful and Hearty Economics
Accumulation and Employment of Stock
On Doing More Harm than Good
Doom and Gloom? Of Grandchildren and Grandparents
A 'Night Watchman' State? Smith's Immodest Proposals for Public Expenditures
Education and Health Expenditures
Public Revenues
Government Failure
Reclaiming Smith's Legacy
Appendix: Smith's '1755 Paper'
Select Bibliography
Index