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This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.
This critical bibliography of Adam Smith takes as its starting point the Kress Library of Business and Economics’ 1939 catalogue of its Vanderblue Collection of Smithiana. Since the bicentenary of The Wealth of Nations in 1976, the rate of international publication markedly accelerated, significantly extending the scope of this bibliography beyond 1939. Its scope has been further enlarged via the inclusion of essays on the diffusion process while the inclusion of all works in the chronological main bibliography gives an overview of the scope of this process. The notes appended to the entries provide a running commentary to the gathering pace of publication and the entries are organised chronologically with systematic annotation throughout.