Watch The Real Adam Smith: Morality and Markets

The Real Adam Smith: Morality and Markets is an insightful documentary that explores the life and philosophy of one of the most influential economic thinkers in history - Adam Smith. The movie is directed by Jim Taylor and features interviews with experts in the field of economics, as well as ordinary people whose lives have been impacted by Smith's ideas.

At the heart of the movie is the question of what drives human behavior - is it self-interest or a sense of moral responsibility? Through Adam Smith's writings and teachings, the filmmakers investigate the role of both these factors in creating a prosperous society. Johan Norberg, a well-known Swedish writer and economist, takes us on a journey through the life of the 18th century Scottish philosopher, showing how his ideas have shaped modern economics.

The movie starts with a brief history of Smith's life, highlighting his childhood and education, his time as a professor at Glasgow University, and the publication of his famous book - The Wealth of Nations. We are taken to some of the key places in Smith's life, including his birthplace in Kirkcaldy, and the University of Glasgow, where he taught philosophy and delivered his famous lectures on economics.

Norberg guides us through Smith's philosophy of individualism and capitalism, showcasing how his ideas have influenced the world economy today. The movie argues that Smith's theories have been misrepresented in modern times, with some equating his concept of self-interest with greed. The film argues that Smith saw self-interest as an essential part of human nature, but also believed that people have a natural sense of morality that drives them to do good.

The movie delves into how Smith's ideas have impacted various fields, from business to politics. Many experts argue that his theories have paved the way for free-market capitalism, and helped to create the modern global economy. However, the movie also looks at the drawbacks of his ideas, such as the exploitation of workers and the environment. The film argues that Smith, despite his strong belief in free-market capitalism, recognized that the market was not a panacea for society's problems but instead had limitations that needed to be regulated.

The movie makes an interesting case for the relevance of Smith's ideas today, especially in light of the current pandemic and the economic fallout. The filmmakers argue that Smith would have advocated for free trade, innovation, and entrepreneurship, as these are essential factors in driving a healthy global economy. However, they also assert that Smith would have recognized the need for public healthcare, social welfare, and environmental protection, as these are necessary for creating a fair and just society.

Overall, The Real Adam Smith: Morality and Markets is a thought-provoking documentary that offers a fresh perspective on one of the most influential philosophers in history. The movie is well-researched, engaging, and informative, providing insights into Smith's thoughts on morality and markets that are still relevant today. Through its exploration of Smith's life and work, the movie offers a compelling argument for the importance of balancing self-interest and moral responsibility in creating a prosperous society.