Adam Smith’s Sociability and the American Dream
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€97.99
A01=John E. Hill
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Author_John E. Hill
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Category1=Non-Fiction
Category=JPA
Category=KCP
Co-operatives
Community
COP=United States
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Democracy
Elite Power
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Language_English
Market Economics
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Pursuit of Happiness
Social Justice
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Product details
- ISBN 9781666946826
- Weight: 417g
- Dimensions: 167 x 235mm
- Publication Date: 25 Jul 2024
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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John E. Hill’s Adam Smith’s Sociability and the American Dream seeks to correct the three misunderstandings that have hindered the pursuit of the American dream and contributed to excessive individualism at the expense of community. Market fundamentalists ignore the importance of Adam Smith’s impartial spectator for capitalism; his ideal economy was not a free market but a sociable and fair one. A fair market would promote individuality within vibrant communities and would be consistent with Smith’s “justice, liberty, and equality” formula. Such a sociable market would also be more productive. Second, many Christians misunderstand the love your neighbor commandment, excluding the outsider, so explicit in the parable. Failure to follow John Adams’s warnings that aristocrats are dangerous in a republic. Free market advocates devalue the immense contributions communities make to the economy. Greater sociability would also facilitate the pursuit of happiness. It would not be necessary to reinvent the wheel to move to this more ideal society. Cooperative organizations already exist in the United States and in other countries as models for reform.
John E. Hill is Professor Emeritus of Politics and History at Curry College.
