Adam Smith: Left, Right, Other, or All of the Above (Video)

Flashcards covering the debate over whether Adam Smith is left-leaning vs. classical liberal, Klein's critiques of Left-Smithianism, and related policy issues discussed in the video.

What is the central debate about Adam Smith's political leaning in the video "Left, Right, Other, or All of the Above"?

Whether Smith is left-leaning (Left-Smithianism) or a classical liberal, and how his ideas should be interpreted.

What does the term Left-Smithianism refer to?

Readings or interpretations that claim Adam Smith was left-wing.

What critique does Klein offer about the past labeling of Smith as left-leaning?

There has been a tendency to regard Smith as left-leaning due to selective textual emphasis.

What challenge to labeling Smith as left does Klein emphasize?

There is no good standard for saying he is left; selective emphasis distorts his views, e.g., his defense of the supremacy of the good of the whole.

Which core liberal ideas does Klein say are downplayed by Left-Smithians?

Liberal equality, liberty, and justice, along with Smith's skeptical view of government.

What does Klein say about applying Smith's ideas to today's landscape?

The claim that Smith's ideas are timeless and applicable today is unconvincing; historical context matters.

What does 'Cherry-picking' refer to in readings of Smith, according to Klein?

Selecting a handful of passages to support left-Smithian readings while ignoring others.

Name some policy issues Klein argues are targets for Left-Smithian readings.

Progressive taxation, government schooling, usury restrictions, regulation of labor markets, poor relief, and education.

Who are the two presenters in the video?

Branco Milunovich and Daniel Klein.

Which scholar is cited by Klein to challenge Left-Smithian readings?

Sam Fleischacker.