Author:Jesse Norman
'A superb book' Financial Times, Books of the Year
Adam Smith is now widely regarded as 'the father of modern economics' and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Was he an eloquent advocate of capitalism and the freedom of the individual? Or a prime mover of 'market fundamentalism' and an apologist for inequality and human selfishness? Or something else entirely? Jesse Norman's brilliantly conceived \book gives us not just Smith's economics, but his vastly wider intellectual project. Against the turbulent backdrop of Enlightenment Scotland, it lays out a succinct and highly engaging account of Smith's life and times, reviews his work as a whole and traces his influence over the past two centuries.
But this book is not only a biography. It dispels the myths and debunks the caricatures that have grown up around Adam Smith. It explores Smith's ideas in detail, from ethics to law to economics and government, and the impact of those ideas on thinkers as diverse as Karl Marx, Charles Darwin, John Maynard Keynes and Friedrich Hayek. Far from being simply an economist, Adam Smith emerges as one of the founders of modern social psychology and behavioural theory. Far from being a doctrinaire 'libertarian' or 'neoliberal' thinker, he offers a strikingly modern evolutionary theory of political economy, which recognises the often complementary roles of markets and the state.
At a time when economics and politics are ever more polarized between left and right, this book, by offering a Smithian analysis of contemporary markets, predatory capitalism and the 2008 financial crash, returns us to first principles and shows how the lost centre of modern public debate can be recreated. Through Smith's work, it addresses crucial issues of inequality, human dignity and exploitation; and it provides a compelling explanation of why he remains central to any attempt to defend, reform or renew the market system.
Praise for Edmund Burke
—— -A must-read for anyone interested in politics and history ... Superb
—— Matthew D'Ancona , Sunday TelegraphNorman is undoubtedly a fluent and deep thinker ... his account of Burke's life and career is as good as any of equal length on the subject
—— SpectatorPersonable and thoughtful, Norman also has a cavalier streak ... an important contribution to the annals of conservative thought
—— ObserverGoodhart and his publishers may reflect on the freakishly good fortune of the book's timing ... joins the dots of Britain's current cultural and economic malaises. Goodhart is impassioned and hopeful, but the underlying ideological message is stark
—— William Davies , GuardianIt's a topsy-turvy world where the work of the heart and hand is undervalued. It's time for a radical rethink in what we value - and Goodhart's book is a part of this urgent endeavour
—— Nicci GerrardDavid Goodhart - the man who made the words "anywheres" and "somewheres" must-use terms of reference - turns his searching gaze and his genius for pithy formulation to another cause of division in the West: the fact that, as he puts it, "smart people have become too powerful.
—— Tom HollandDavid Goodhart is among the most insightful analysts of Anglo-American society, and of why the elites in our two countries so badly misunderstand the values, needs, and worth of most citizens. If you dream of a society that is more just and humane, offering more people more routes to dignity, prosperity, and happiness, then you will love Head, Hand, Heart
—— Jonathan HaidtGoodhart argues compellingly that an overvaluation of the role of cognitive elites in government and society has blinded us to the importance of the caring professions and vocations based on practical skills. Presenting an agenda that has become all the more urgent since the pandemic, Head, Hand and Heart is a powerful successor to Goodhart's hugely influential Road to Somewhere. For anyone concerned with the state of politics and society, this is a real must-read
—— John GrayDavid Goodhart means to start a reformation. With great clarity and unfailing sympathy for the human condition, he charts a path toward a society in which a fuller range of aptitudes will receive the recognition they are due.
—— Matthew CrawfordREVIEWS OF THE ROAD TO SOMEWHERE
Goodhart offers an impeccably sensible and decent exposition of how the political elites have failed their societies
The most interesting man in the world
—— Business InsiderThe Thucydides of our time
—— Jeffrey SachsA brilliant economist
—— BloombergFew finance ministers have such a talent for economics as Yanis Varoufakis
—— Joseph StiglitzIt is important to take note of the ideas that Varoufakis continues to espouse … the essence of [his] agenda was – and remains – largely correct
—— Mohamed El-ErianA global celebrity
—— EconomistHis words about the European crisis speak universal truths about democracy, capitalism and social policy
—— GuardianTimely and important
—— Big IssueA whistle-blowing memoir that doubles as a penetrating analysis of the eurozone crisis, one caused in Varoufakis’s view by the stubbornness and ideological dogmatism of what he calls Europe’s “deep establishment.” As Britain prepares to enter exit negotiations with the EU, many will turn to this book for insights… Adults in the Room has a fly-on-the-wall quality that makes it a captivating read
—— Chris Bickerton , ProspectPassionate, indiscreet and forceful revenge on the smug elite of the European Union
—— Colm Tóibín , Irish TimesVaroufakis’ book… should be required reading for anyone who believes that a Brexit outcome satisfactory to the UK is likely
—— Richard Joyner , Times Higher EducationOutstanding
—— William Hague , Daily Telegraph[This] breezy page turner is essentially Bridget Jones goes to the White House.
—— New York TimesHilsum is a former colleague, well placed to chart her friend’s life, with an especially brilliant account of her final week, where Colvin’s exposure to peril again went beyond the call of duty
—— Strong WordsSuperb and moving
—— Emma Lee-Potter , Independent, **Books of the Year**[Hilsum’s] tone is admiring but never adulatory, and her book is richly informed by her close knowledge of the events described… [an] excellent book
—— Caroline Moorehead , Times Literary SupplementLindsey Hilsum… in this account… [shows] just how brim full of life and heart Colvin was: from the start to the finish of her brilliant career, and of her sassy, rambunctious life
—— Barney Bardsley , On: Yorkshire[An] excellent biography… I found it inspirational
—— Ann Treneman , The TimesThis is a remarkable book, deeply moving, disturbing in its sometime intensity… such is the power of Lindsey Hilsum’s book
—— Tony Jasper , Methodist RecorderColvin’s tumultuous life has inspired a number of recent accounts… it is Hilsum’s biography, written by a woman who both knew Colvin and had access to her unpublished reporting notes and private diaries, that seems to most closely capture her spirit.
—— The New YorkerHilsum writes with admiration and compassionate understanding of her colleague, and of their collegial friendship that gets close to what we can, without sentiment, call love.
—— The New York Review of BooksA refreshing take on the ecology of modern economics . . . This book serves as a fascinating reminder to business leaders and economists alike to stand back at a distance to examine our modern economics.
—— Best Business Books of 2017 , ForbesI am loving Kate Raworth’s book Doughnut Economics. It puts inequality in a far broader context, connecting a great many 21st century problems with a single vision. Every business leader and every policy maker should read it.
—— Tim O’ReillyWhat if it were possible to live well without trashing the planet? Doughnut Economics succinctly captures this tantalising possibility and takes up its challenge. Brimming with creativity, Raworth reclaims economics from the dust of academia and puts it to the service of a better world.
—— Tim Jackson, author of PROSPERITY WITHOUT GROWTHKate Raworth makes a powerful argument to look beyond economic growth alone for a true measure of prosperity and progress . . . The doughnut offers a vision for an equitable and sustainable future.
—— Intelligent HQThis book gave me faith that there is an alternative story to tell to the neoliberal narrative.
—— Marcus de SautoyFinding a healthy alternative to the prevailing growth model that has strained the planet to bursting is the holy grail of environmental economics. And it looks like maybe we’ve found it . . . It’s hard to understate how exciting this revelation is
—— InhabitatThis is truly the book we've all been waiting for. Kate Raworth provides the antidote to neoliberal economics with her radical and ambitious vision of an economy in service to life. Given the current state of the world, we need Doughnut Economics now more than ever.
—— L. Hunter Lovins, president and founder of Natural Capitalism SolutionsI read this book with the excitement that the people of his day must have read John Maynard Keynes’s General Theory. It is brilliant, thrilling and revolutionary. Drawing on a deep well of learning, wisdom and deep thinking, Kate Raworth has comprehensively reframed and redrawn economics. It is entirely accessible, even for people with no knowledge of the subject. I believe that Doughnut Economics will change the world.
—— George Monbiot, author and Guardian columnistRaworth’s groundbreaking book hand-picks the best emergent ideas – ranging from ecological, behavioural and institutional economics to complexity thinking, and Earth-systems science – to reveal the insights of eclectic economic re-thinkers . . . Revolutionary.
—— Judges' Statement, The Transmission Prize 2018In Doughnut Economics Raworth takes on the enormous task of sketching out a new approach to the economy in 290 pages . . . A dizzying whirl through the 300 years of economic theory, and challenges to their fundamental principles
—— City A.M.One of last year's most important books on (fixing) economics
—— Best Books on Innovation , NestaA good starting point for a much needed debate about economic policy priorities.
—— Reuters BreakingViewsHighly informed and intelligent.
—— Socialist Review[Raworth’s] business-friendly 2017 book Doughnut Economics advocated meeting the needs of all within the means of the planet.
—— 1000 Most Influential Londoners , Evening StandardPowerful and radical
—— Building.co.ukIt's an absolute must-read about the circular economy and an economic model beyond capitalism.
—— Sam Galsworthy, co-founder of Sipsmith , The GrocerExcellent
—— Ben Cooke , The TimesIt’s the first book about the future economy that I can’t put down!
—— Frances Morris , ELLE DecorationA fascinating look at future economic policy
—— U2’s The Edge , Daily TelegraphKate is not the first person to try to reconcile economic growth with our world's finite resources . . . but her book makes a complex thesis accessible.
—— George Alagiah , New StatesmanOne of the best books I have read in the last year or two was Doughnut Economics by Kate Raworth, an economist. She puts economics into the framework of society and the environment, rather than at the top. I recommend it to all.
—— Lord GreavesIn Doughnut Economics, Kate Raworth's economics serve life - not the endless growth of late capitalism. Compellingly, she invites us to see the economy as an organism rather than a mechanism. By referring to our knowledge of natural systems instead of the machine models of Newtonian mechanics, she offers us a way to reimagine money in order to regenerate rather than degenerate. In this wonderful, readable book, Raworth completely rewrites the textbooks of economic theory in language that is lucid and inspirational: a must read!
—— Antony Gormley , GQRaworth radically redraws the system, putting people's needs at its heart . . . with growth bound by an ecological ceiling, the outer edge of the circle, beyond which there is climate change, freshwater stress and biodiversity loss. The doughnut is the safe space where there can be sustainable development.
—— Conde Nast TravellerAn accessible, relatable account that relays academic thinking back to everyday lives and communities.
—— Best Books on Climate Change , Independent