The Stoic is often seen as the forerunner of Adam Smith’s market man of morals, but others have suggested that the sophist played a role in the formation of market morality and political economy. This article traces Smith’s treatment of ancient sophists and his use of the term sophistry in the Wealth of Nations. Smith praised ancient sophists for their effective didactic oratory and their ability to make money through teaching. Smith criticized arguments as sophistic when they promoted monetary advantage (...) for a few over and above the principle of competition. This varied reception of sophists and sophistry suggests a keen understanding of the rhetorical tradition and its capacity to influence the development of the discourse of political economy. Smith’s use of sophistry and reference to the sophists invites a deeper awareness of the essential vitality of effective argumentation for Smith’s “system of natural liberty. (shrink)

This book examines the effects of the moral rhetoric of the market concept of justice on our understanding of justice. The shift in elevating commutative justice is traced through the moral rhetoric of praise and blame in the political economy of Adam Smith and Milton Friedman.

Charles Griswold has written a comprehensive philosophical study of Smith's moral and political thought. Griswold sets Smith's work in the context of the Enlightenment and relates it to current discussions in moral and political philosophy. Smith's appropriation as well as criticism of ancient philosophy, and his carefully balanced defence of a liberal and humane moral and political outlook, are also explored. This 1999 book is a major philosophical and historical reassessment of a key figure in the Enlightenment that will be (...) of particular interest to philosophers and political and legal theorists, as well as historians of ideas, rhetoric, and political economy. (shrink)