Adam Smith is the best known among economists for his book, The Wealth of Nations, often viewed as the keystone of modern economic thought. For many he has become associated with a quasi-libertarian laissez-faire philosophy. Others, often heterodox economists and social philosophers, on the contrary, focus on Smith's Theory of Moral Sentiments, and explore his moral theory. There has been a long debate about the relationship or lack thereof between these, his two great works. This work treats these dimensions of (...) Smith's work as elements in a seamless moral philosophical vision, demonstrating the integrated nature of these works and Smith's other writings. This book weaves Smith into a constructive critique of modern economic analysis and builds bridges between that discourse and the other social sciences. (shrink)

It is often said that politics is an amoral realm of power and interest in which moral judgment is irrelevant. In this book, by contrast, John Kane argues that people's positive moral judgments of political actors and institutions provide leaders with an important resource, which he christens 'moral capital'. Negative judgements cause a loss of moral capital which jeopardizes legitimacy and political survival. Studies of several historical and contemporary leaders - Lincoln, de Gaulle, Mandela, Aung San Suu Kyi - illustrate (...) the significance of moral capital for political legitimation, mobilizing support, and the creation of strategic opportunities. In the book's final section, Kane applies his arguments to the American presidency from Kennedy to Clinton. He argues that a moral crisis has afflicted the nation at its mythical heart and has been refracted through and enacted within its central institutions, eroding the moral capital of government and people and undermining the nation's morale. (shrink)

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