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Book seminarWhole-book seminarPrimary sourcesAdvanced

Adam Smith: The Wealth of Nations

Selections, read closely

A student studying Smith reads Smith. Books I and IV in substantial selection, plus the passages from Moral Sentiments people forget exist.

Thomas Ward

Instructor

Mr. Thomas Ward

Economics, Logic & Entrepreneurship

New this term. Reviews from students and parents appear here once families have taken it.

Overview

Everyone quotes the invisible hand; almost nobody has read the paragraph it appears in. This seminar fixes that, and pairs the economics with the moral philosophy Smith thought was inseparable from it.

Ages & grades
Ages 15–18 · Grades 10–12
Live meetings
7 × 60 min
Cadence
Once a week · 7 weeks
Grading
Letter · transcript

This one runs in order

This course accumulates. The class reads the same pages at the same pace and each meeting picks up the argument where the last one left it, so joining halfway means joining an argument already in progress.

Because there is a whole body of work at the end of it, this one is graded (letter) and can be carried to a transcript. Enroll before the second meeting.

What students will be able to do

  • Read substantial selections of The Wealth of Nations directly
  • Explain the division of labor, self-interest, and the limits Smith placed on both
  • Connect Moral Sentiments to the economic argument
  • Identify what Smith actually said about merchants and about the poor

Syllabus

  1. Weeks 1–4

    Book I

    Division of labor, value, wages, and the pin factory in its own context.

  2. Weeks 5–8

    Self-interest

    The butcher and brewer passage, and the moral framework it assumes.

  3. Weeks 9–11

    Book IV

    Mercantilism, the invisible hand paragraph, and Smith against the merchants.

  4. Weeks 12–14

    Moral Sentiments

    Sympathy, the impartial spectator, and whether the two books agree.

Books & materials

  • The Wealth of Nations (selections)

    Adam Smith

    Reader supplied; Glasgow edition page numbers used throughout.

Prerequisites

  • Conservative Thought I or Capitalism and Its Critics recommended

How this course handles its perspective

Smith is read as a moral philosopher who wrote about commerce, not as a mascot. Passages inconvenient to modern free-market rhetoric are assigned on purpose.

Read our academic philosophy

Recording policy

Meetings are recorded and released to enrolled families for fourteen days. Recordings capture the instructor and shared materials; student video is not published.

Cancellation & refunds

Full refund up to seven days before the first meeting; inside seven days, everything paid is credited to your Lyceum balance. No refunds or credits once the class has begun. Cancel any section from your parent account.

Learner support

  • ADHD-aware instruction
  • Gifted & accelerated

These describe how this instructor has been trained, reviewed with educators and accessibility specialists. They are not a diagnosis and not a marketing claim.

Ratings & reviews

Students and parents review separately, on different questions, and the two aggregates are never blended. Every review is verified and moderated.

    No parent reviews for this class yet.

    Reviews from students are published as “Student, age 13”, never with a full name. Photo and short video reviews are supported and moderated before they appear.

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