John E. Hill

John E. Hill’s Adam Smith’s Sociability and the American Dream seeks to correct the three misunderstandings that have hindered the pursuit of the American dream and contributed to excessive individualism at the expense of community. Market fundamentalists ignore the importance of Adam Smith’s impartial spectator for capitalism; his ideal economy was not a free market but a sociable and fair one. A fair market would promote individuality within vibrant communities and would be consistent with Smith’s “justice, liberty, and equality” formula. Such a sociable market would also be more productive. Second, many Christians misunderstand the love your neighbor commandment, excluding the outsider, so explicit in the parable. Failure to follow John Adams’s warnings that aristocrats are dangerous in a republic. Free market advocates devalue the immense contributions communities make to the economy. Greater sociability would also facilitate the pursuit of happiness. It would not be necessary to reinvent the wheel to move to this more ideal society. Cooperative organizations already exist in the United States and in other countries as models for reform.

This book examines Adam Smith’s main principles in Wealth of Nations as the basis for effective policymaking. Adam Smith wanted to increase happiness through this formula for a good life: equality, liberty, and justice. Free market interpretations of Smith, the book argues, grossly misrepresent his thought, emphasizing only liberty and not also equality and justice. This book suggests policies that combine all three in order for happiness to be maximized.

This book examines Adam Smith’s main principles in Wealth of Nations as the basis for effective policymaking. Adam Smith wanted to increase happiness through this formula for a good life: equality, liberty, and justice. Free market interpretations of Smith, the book argues, grossly misrepresent his thought, emphasizing only liberty and not also equality and justice. This book suggests policies that combine all three in order for happiness to be maximized.

Challenging common interpretations of the political thought of John Adams and Adam Smith, Democracy, Equality and Justice offers an engaging and novel portrait of the political economy in America at its founding. The founders believed that liberty should not trump community, but should exist within the context of community. Drawing on extensive written records of the thought of John Adams and Adam Smith, the father of modern capitalism, Dr. John E. Hill argues that these two great men advocated a balanced, values-based, and just political economy. Adams, historically misperceived as a rugged individualist who favored aristocracy over democracy, actually emphasized political balance with no one socio-economic class dominating any other. Smith, incorrectly portrayed as a supporter of laissez-faire government, advocated economic balance with no class or individual receiving special treatment from the government. Applying their values of universalism and moderation today would significantly broaden the definition of morality in contemporary politics. Democracy, Equality and Justice is a stimulating and sophisticated text that will encourage debate over the relationship between historical ideas and contemporary economic problems.

In his study, Hill challenges common interpretations of the political thought of Adams and Smith, providing scholars and students with an engaging and novel portrait of social and political theory in America, at its founding and at the inception of the twenty-first century.