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Adam Smith Understood That We Need Each Other

Reason magazine

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July 2023

THE THINKER’S VIEWS OF HUMAN SYMPATHY, BENEFICENCE, JUSTICE, AND THE DIVISION OF LABOR STILL RESONATE.

- VERNON SMITH

Adam Smith Understood That We Need Each Other

SCOTLAND AND EDINBURGH in the latter half of the 18th century were uncommonly prolific of genius. This year we celebrate the 300th anniversary of the birth of Adam Smith, and the coming years will see similar milestones for David Hume, James Watt, and many others.

Why, or how, did these scholars give us modern free liberal social and economic communities, constitutions, and nations? I think it was because they created an unsurpassed community of themselves, meeting in “societies” regularly for seminars in Edinburgh and Glasgow, and for dinner every Sunday in Smith’s home in Canongate, across High Street from the sidewalk statue of Robert Burns, Scotland’s most famed poet.

Scotland was famous for its “clubs and societies,” regular seminars that met in pubs for discussion and debate. Unlike the university seminars of today, largely limited to departments and visitors, these were in the community and included the university, independent scholars (Hume’s skepticism blocked him from a university appointment, but not invitations to converse), outside visitors (Benjamin Franklin was known to make an appearance), townspeople, merchants, and professionals.

Smith was a member of two of these groups, the Literary Society in Glasgow and the Political Economy Society. He was also a consummate host. “Smith’s house was noted for its simple and unpretending hospitality,” wrote John Rae in his 1895 Life of Adam Smith. “He liked to have his friends about him without the formality of an invitation.”

SMITH’S THEORY OF HUMAN SOCIABILITY AND SELF-COMMAND

Reason magazine से और कहानियाँ

Reason magazine

Reason magazine

A Nostalgic Read for Foreign Policy Elites

IF YOU WERE looking for a human avatar of America's unipolar moment, you couldn't do better than Michael McFaul. Picture a youthful, energetic McFaul with a newly minted Ph.D. bounding into the suddenly post-Soviet space of the early 1990s, full of bright ideas about democracy and faith in the end of history. As McFaul himself puts it, 1991 \"was a glorious moment to be a democratic, liberal, capitalist, multilateralist, and American....I was treated like a rockstar.\"

time to read

4 mins

January 2026

Reason magazine

Reason magazine

TRUMP IS DEPORTING ENTREPRENEURS

THE TRUMP ADMINISTRATION'S MASS DEPORTATION EFFORT IS ROBBING THE U.S. OF IMMIGRANT BUSINESS OWNERS AND THEIR CONTRIBUTIONS.

time to read

9 mins

January 2026

Reason magazine

The First Information Revolution

PRINTING PRESSES AND LIBRARIANS INTERPRETED CENSORSHIP AS DAMAGE AND ROUTED AROUND IT.

time to read

11 mins

January 2026

Reason magazine

Reason magazine

What Would Bill Buckley Do?

THE NATIONAL REVIEW FOUNDER'S FLEXIBLE APPROACH TO POLITICS DEFINED CONSERVATISM AS WE KNOW IT.

time to read

7 mins

January 2026

Reason magazine

Reason magazine

MAHA Mandates Food Labels

BURDENSOME FOOD LABELING mandates were once the province of Democrats, who pushed for calorie count requirements on restaurant menus and insisted packaged food must feature warnings about genet- ically modified ingredients and trans fats. Now it's Republicans leading the charge- with equally foolish results.

time to read

2 mins

January 2026

Reason magazine

Reason magazine

IS JAKE TAPPER DOOMED?

THE CNN ANCHOR ON THE WAR ON TERROR, THREATS TO FREE SPEECH, AND THE FUTURE OF MEDIA

time to read

14 mins

January 2026

Reason magazine

Reason magazine

REPUBLICAN SOCIALISM

THE TRUMP ADMINISTRATION IS BUYING STAKES IN COMPANIES. THAT NEVER ENDS WELL.

time to read

13 mins

January 2026

Reason magazine

Reason magazine

A Taste of Capitalism in Warsaw

WARSAW, POLAND, IS a living museum of economic systems. It's a city where concrete reliefs of stoic factory workers decorate a building that now houses a Kentucky Fried Chicken, where a Soviet-era apartment block stands beside a glass tower filled with coworking spaces.

time to read

2 mins

January 2026

Reason magazine

Reason magazine

Robert Crumb's Roving Art and Life

IN THE SPRING of 1962, an 18-year-old Robert Crumb was beaned in the forehead by a solid glass ashtray. His mother, Bea, had hurled it at his father, Chuck, who ducked. Robert was bloodied and dazed, once again a silent and enraged witness to his family's chaos.”

time to read

5 mins

January 2026

Reason magazine

Reason magazine

THE HOWARD ROARK OF COMICS

SPIDER-MAN CO-CREATOR STEVE DITKO WAS A GREAT EXAMPLE OF, AND DIRE WARNING TO, OBJECTIVIST POP ARTISTS.

time to read

12 mins

January 2026

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