logo
episode-header-image
Dec 2022
46m 42s

525. In Search of the Real Adam Smith

Freakonomics Radio + Stitcher
About this episode

How did an affable 18th-century “moral philosopher” become the patron saint of cutthroat capitalism? Does “the invisible hand” mean what everyone thinks it does? We travel to Smith’s hometown in Scotland to uncover the man behind the myth. (Part 1 of a series.)

Up next
Aug 22
What Can Whales Teach Us About Clean Energy, Workplace Harmony, and Living the Good Life? (Update)
In the final episode of our whale series, we learn about fecal plumes, shipping noise, and why Moby-Dick is still worth reading. (Part 3 of "Everything You Never Knew About Whaling.") SOURCES:Michele Baggio, professor of economics at the University of Connecticut.Mary K. Bercaw-E ... Show More
48m 11s
Aug 15
Why Do People Still Hunt Whales? (Update)
For years, whale oil was used as lighting fuel, industrial lubricant, and the main ingredient in (yum!) margarine. Whale meat was also on a few menus. But today, demand for whale products is at a historic low. And yet some countries still have a whaling industry. We find out why. ... Show More
37m 32s
Aug 8
The First Great American Industry (Update)
Whaling was, in the words of one scholar, “early capitalism unleashed on the high seas.” How did the U.S. come to dominate the whale market? Why did whale hunting die out here — and continue to grow elsewhere? And is that whale vomit in your perfume? (Part 1 of “Everything You Ne ... Show More
45m 2s
Recommended Episodes
Nov 2017
Adam Smith: Father of Capitalism
Adam Smith, a moral philosopher and economist, was born in Scotland, the son of a customs officer. In 1776 he published a book called 'An Inquiry into the Nature and Causes of the Wealth of Nations’. Smith basically argued against the over regulation of commerce and said if peopl ... Show More
39m 47s
Jun 2023
Der Philosoph Adam Smith – Vordenker der sozialen Marktwirtschaft
Der Philosoph und Ökonom Adam Smith (1723-1790) legte mit seinem Werk „Der Wohlstand der Nationen“ den Grundstein für ein besseres Verständnis von Marktwirtschaft und Kapitalismus. Das freie Spiel der Marktkräfte war für Smith allerdings kein Allheilmittel. Smith plädiert für den ... Show More
31m 9s
Jan 2023
Revisiting the "father of capitalism"
Sean Illing talks with Glory Liu, the author of Adam Smith’s America: How a Scottish Philosopher became an Icon of American Capitalism. Smith is most well-known for being the “father of capitalism,” but as Liu points out in her book, his legacy has been misappropriated — especial ... Show More
53m 34s
Jan 2015
Episode #049 ... Adam Smith pt. 2 - The Tip of the Iceberg of Wealth
On this episode of the podcast, we continue our discussion of Adam Smith. First, we look at two towns with the same name on opposite sides of the US-Mexico border, and consider why their residents have such markedly different standards of living. Next, we ask ourselves what deter ... Show More
29m 7s
Dec 2014
Number Crunched
In the wake of the global economic crisis, what does capitalism mean to us today? Stand-up comedian Colm O’Regan visits the Kilkenomics Festival of economics and comedy in Kilkenny, Ireland, and heads to New York to ask what people really understand about capitalism. 
27m 1s
Jul 2020
Adam Smith: The Grandfather Of Economics
Adam Smith was a Scottish philosopher and author who is probably best known for writing a book titled “An Inquiry Into the Nature and Causes of … The Wealth of Nations!” This book effectively marked the beginning of economics as an academic discipline as Adam Amith, (now heralded ... Show More
18m 54s
Dec 2021
Mass Society - A Warning to The World
In the 19th century the status of mass society became a philosophical and moral issue in a manner hitherto unseen. It came to be defined as the permanent possibility in all individuals of losing concern for their personal status and worth, and assigning themselves to something ou ... Show More
16m 9s
Feb 2015
The Wealth of Nations
Melvyn Bragg and his guests discuss Adam Smith's celebrated economic treatise The Wealth of Nations. Smith was one of Scotland's greatest thinkers, a moral philosopher and pioneer of economic theory whose 1776 masterpiece has come to define classical economics. Based on his caref ... Show More
46m 5s
Sep 2023
Human Dignity - الكرامة الانسانية
هل الكرامة الإنسانية مجرد اختراع بشري؟ ام انها مُنحت له ولا يصح ان يُحرم منها؟ إن كان الانسان مجرد قد تطور ليصبح مميز عن باقي الثدييات لماذا نتمسك بالكرامة الإنسانية بغض النظر عن الثقافة والدين والعرق.. يستضيف يوسف يعقوب في هذه الحلقة د. ماهر صموئيل - استشاري الطب النفسي وحاصل عل ... Show More
47m 44s
Feb 2023
#221 — Success, Failure, & the Common Good
Sam Harris speaks with Michael Sandel about the problem with meritocracy. They discuss the dark side of the concept of merit, the pernicious myth of the self-made man, the moral significance of luck, the backlash against “elites” and expertise, how we value human excellence, the ... Show More
26m 13s