The Moral Authority of ‘76

This article is also available in Serbian *** On this date 250 years ago appeared The Wealth of Nations by Adam Smith. Of political economy works ever written, it has been the most influential. Why? A younger Smith had become professor at Glasgow University. Smith’s reputation rose greatly after 1759, when, at the age of 36, Smith published The Theory of Moral Sentiments. The Theory of Moral Sentiments was a book about virtue; that is, a book about our duties to