The traditional characterization of Adam Smith as an “absent-minded professor” cannot stand. Smith was, instead, worldly, worldly-wise, and street-smart. To fit this description, Smith should be ambitious and eager to display his genius—stating his priority over ideas and knowing how to be seen. But this visibility had to be accompanied by an awareness of social relationships and respect for social constraints. He had to be conscious of politics, willing to use connections, while exhibiting some independence. He had to display practical sense, have good judgement about others and the ability to get things done. To be worldly he should also enjoy the finer aspects of life and take a cosmopolitan attitude. All these attainments require money, allowing one to indulge in luxury. Ambition, discipline, practical sense, pleasure, and the enjoyment of riches. This article shows that all of these describe Adam Smith.

This full text of this article will be available on this page nine months after its initial print publication. To read it now, please buy this issue in print or downloadable eBook & PDF format, or in the Independent Review app on iOS or Android, or on Magzter which offers digital access on smartphones, tablets, and web browsers.
EconomistsEconomyPhilosophy and Religion
Other Independent Review articles by Salim Rashid
Winter 2005/06 Watchman, Who Watches Thee?: Donors and Corruption in Less-Developed Countries
Summer 1997 The Ambitious, Accommodative Adam Smith