Speaker
Description
The reception of the Wealth of Nations in the years after its publication reveals a wide range of interpretations of Smith’s ideas. On the one hand, Smith appealed to revolutionaries and subversives; on the other hand, he appealed to ‘conservatives’ who supported the burgeoning laissez faire movement. By 1800, however, in intellectual circles, the ‘conservative’ Smith had largely won out. Yet this was not the case for advocates of working-class interests. As this paper will show, reformers of the early to mid-nineteenth century emphasised Smith's sympathetic attitude towards the labouring poor, his labour theory of value and his distinction between productive and unproductive labour. Reformers turned to Smith for intellectual validation of the workers’ right to vote and often to a larger share of the national produce, hailing him as a supporter of the working classes. The backlash against the ‘subversive’ Smith was significant, with protectors of the status quo pointing to the dangers of ‘misrepresenting’ Smith’s ideas.
| Organization | Minerva University |
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