2 Matching Annotations
  1. Oct 2020
    1. Scottish phi-losopher Adam Smith condemned England’s trade acts f or constrain-ing the “free” market i n his i nstant best seller, The Wealth o f Nations. To this f ounding father of capitalist economics, t he wealth of nations stemmed from a nation’s productive capacity, a productive capacity African nations l acked. “ All t he inland parts of Africa,” he scripted, “seem in all a ges of t he world to have been in the same barbarous and uncivilized state i n which we find them at present.” Meanwhile, Smith praised Americans for “ contriving a new form of government f or an extensive empire, which . . . s eems very likely to become, one of t he greatest and most f ormidable that ever was i n the world.” The found-ing fathers beamed reading Adam Smith’s prediction. J efferson later called Wealth o f Nations “ the best book extant” on political e conomy.

      Adam Smith apparently held racist ideas.

  2. Dec 2019
    1. when they were unhappy, I felt depressed; when they rejoiced, I sympathized in their joys

      The eighteenth-century Scottish and British discourse of "sympathy" is especially vivid in the Creature's instinctive opening onto the emotions of others, echoing Adam Smith's arguments in The Theory of Moral Sentiments (1759).