"Led by an Invisible Hand" | Adam Smith Complete Philosophy For Sleep
He wrote the book that built the modern world, then spent his last days making sure most of the rest was burned.
Adam Smith was the gentle, absent-minded son of a Scottish customs official, and he became the most misread thinker in the history of economics.
This episode follows the whole arc: the quiet port town of Kirkcaldy and the mother he never left, the miserable years at Oxford, the Glasgow lecture rooms where he was happiest, and the long silent decade by the sea in which he wrote the Wealth of Nations.
Before the economics comes the moral philosophy the world forgot, the theory of sympathy and the mirror of society, the impartial spectator and the man within the breast, the little finger and the earthquake, the parable of the poor man's son who chases wealth and finds it empty.
Then the great book itself, read slowly and in context, the pin factory, the butcher and the brewer, the invisible hand in all three places Smith actually used it, the merchants conspiring against the public, the critique of empire and slavery, and the duties he assigned to the state.
Along the way come Hutcheson and Hume, the French economists in their Paris salons, the bank that collapsed while he wrote, the public letter on Hume's death that cost him more abuse than his attack on the whole commercial system, and the man of system who moves human beings like pieces on a board. Serious philosophy, told slowly and clearly, for listeners who want real ideas as they drift off.
Please listen only in safe, restful contexts.
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(0:00:00) The Man Who Burned His Papers
(0:13:08) Wonder and the Imagination
(0:19:26) A Nation of Improvers
(0:28:18) The Mirror of Society
(0:39:50) The Faculty of Speech
(0:45:29) The Man Within the Breast
(0:58:50) The Little Finger and the Earthquake
(1:04:32) The Corruption of Our Moral Sentiments
(1:14:38) The Poor Man's Son
(1:20:51) Justice, the Main Pillar
(1:29:42) Among the Economists
(1:41:38) The Year the Banks Fell
(1:48:02) The Pin Factory
(2:01:55) The Butcher's Self-Love
(2:12:03) The Invisible Hand
(2:24:11) A Conspiracy Against the Public
(2:29:46) The Golden Dream
(2:40:07) The Linen Shirt
(2:46:14) The Duties of the Sovereign
(2:59:54) The Death of David Hume
(3:08:03) The Man of System
(3:13:44) The Uses of Adam Smith
Sleepy Philosophy Radio makes longform, carefully researched philosophy written as a serious essay and paced for rest.
All research and writing is done personally. Music by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0 License.