Psychoanalytic Studies of the Work of Adam Smith

Şule Özler is Associate Professor of Economics at UCLA, and a research psychoanalyst at the New Center for Psychoanalysis. She also maintains a private practice. Her research interests include psychoanalytic examination of philosophical, history of thought and history of economic thought texts. Paul Gabrinetti is a member of the C.G. Jung Institute of Los Angeles and a former Professor of Clinical Psychology at Pacifica Graduate Institute. He maintains a private practice, and his research interests include the use of the analytic psychologies in human and historical proceedings, and the role of myth in psychological change.

‘This provocative and rich book offers not uncritical re-readings of Adam Smith's The Theory of Moral Sentiments from multiple psychoanalytic perspectives in order to reveal that the father of homo economicus anticipates important elements of Freudian moral psychology and social theory. The argument also reveals the humanity and generosity of the authors who invite us to reflect not just on the foundations of Smith's system, but also on our own reactions to his writings.’ - Eric Schliesser, Professor of Political Science, University of Amsterdam, the Netherlands.‘Şule Özler and □Paul A. Gabrinetti have written a wonderful book inter-translating Adam Smith and psychoanalysis. Explaining Freud’s work on empathy by Smith’s on sympathic is deeply helpful. This opens up opportunities for exploration since they tell us Freud himself knew Smith’s Weath of Nations as that of "a great philosopher and wit." For me, the most illuminating aspect the work is their use of Jung’s doctrine – all humans have a mix of feminine and masculine – to explain Smith’s difficult doctrine that "humanity is the virtue of a woman, generosity if a man" without having to appeal to innate differences among humans. Smith takes pains to assert the observed difference of the philosopher and the street porter are not fixed by nature but set by incentives, history, and luck, so Özler and Gabrinetti have offered a reading coherent with Smith’s larger doctrine.’ - David M. Levy, Professor of Economics, George Mason University, and Distinguished Fellow of the History of Economics Society, USA.

• 1. Introduction 2. An Intersubjective Interpretation of Sympathy 3. Sympathy, Empathy and Evidence from Developmental Psychology 4. The Impartial Spectator, Conscience and Morality 5. The Role of the Deity in Smith’s Moral System 6. A Known World: an Analysis of Defenses in Adam Smith’s the Theory of Moral Sentiments 7. Defenses and Morality: Adam Smith, Sigmund Freud and Contemporary Psychoanalysis 8. An Evolutionary Psychological and Adaptive Defenses View of Relations between Markets and Morality 9. On Dependency 10. On Friendship 11. A Jungian Interpretation of the Place of Women in Smith’s Works 12. Conclusions