The Theory of Moral Sentiments

Adam Smith's earlier work contrasts sharply with the common perception of him as a detached advocate of self-interest in capitalism. The book challenges the misrepresentation of Smith as a cold rationalist, suggesting that this view may stem from misinterpretations, notably by Karl Marx. It reveals Smith's nuanced understanding of human behavior and social dynamics, emphasizing that his ideas extend beyond mere economic theory to address the moral implications of market interactions and the well-being of individuals within society.