Publication Details

Abstract

By the economists and often also by political philosophers Adam Smith is conceived of first of all as the author of Wealth of Nations i. e. as the founding father of modem political economy and a defender of liberal economic tradition. Smith as a representative of the Scottish School of moral philosophy and as the author of Theory of Moral Feelings has been ignored as a rule (although his work embodies many ideas concerning moral dimensions of free market worth consideration). The author tries to fill in this gap and to pay tribute to this underestimated aspect of Smith's work. The paper focuses on Smith's original concern of understanding economic life and morals as closely related phenomena.