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Adam Smith: The Father of Economics and the Wealth of Nations

From moral philosophy to modern economics, Adam Smith reshaped how the world understands wealth, markets, and social order. In this eighth full episode of Timeless Thinkers, we explore how Adam Smith laid the foundations of modern economics, not as a cold theorist of markets, but as a moral philosopher deeply concerned with justice, sympathy, and human flourishing. Long before capitalism became an ideology, Smith asked a deeper question: How can individual self-interest coexist with social order, fairness, and prosperity? Where Hobbes explained power, Locke explained rights, and Kant explained moral law, Smith explained coordination. How free individuals, guided by norms, institutions, and incentives, could produce wealth without central control. Smith’s ideas became the intellectual foundation for: • classical economics and political economy • free markets and free trade • the division of labor and productivity growth • modern debates on inequality and distribution • the role of the state in a market society Yet his legacy also raises a lasting challenge: Can markets remain moral, inclusive, and stable in a world of inequality, monopoly, and global power? 🎧 Chapters / Sections 0:00 Introduction 1:34 The life of Adam Smith: from moral philosophy to The Wealth of Nations 11:46 The Theory of Moral Sentiments: sympathy and the impartial spectator 23:57 The Wealth of Nations: division of labor and the invisible hand 36:40 Free markets, free trade, and the role of government 48:35 Labor, value, and distribution: who gets what and why 1:03:40 Smith’s legacy and contemporary relevance 1:14:21 Conclusion ⸻ 🎥 Previous Episodes Ep. 1 – The Prince: How Machiavelli Redefined Power Ep. 2 – Hobbes’ Leviathan: From State of Nature to Social Contract Ep. 3 – Locke’s Second Treatise: Reversing Hobbes’ Absolutism into Limited Government Ep. 4 – Rousseau's Social Contract: Reimagining People's Sovereignty in the Modern Democracy Ep. 5 – The Spirit of Laws: Montesquieu's Design of Constitutional Government Ep. 6 – Immanuel Kant and the Moral Foundation of Politics Ep. 7 – David Hume: The Great Skeptic on Reason, Morality, and Knowledge 🎙️ Produced by: Timeless Thinkers 📺 Watch the Timeless Thinkers Season 1 on Enlightment Thinkers → [   • Season 1: Enlightenment Thinkers Series Fu...  ] 🎧 Listen on Spotify | Apple Podcasts #TimelessThinkers #AdamSmith #WealthOfNations #PoliticalEconomy #MoralPhilosophy #EconomicsExplained #Enlightenment #FreeMarkets #InvisibleHand #DivisionOfLabor #ClassicalEconomics #HistoryOfIdeas #PhilosophyAndEconomics #MarketSociety #PoliticalTheory #ModernCapitalism #EconomicThought #TimelessThinkersStudio #ClassicThinkers #MoralSentiments