A historian to a libertarian: Well, there’s your problem!
” refers to the practice of investigating how perceptions of an idea or a person change over time. By following reception’s evolution this way, scholars can analyze which figures or ideas became popular when, in what context, and why.Tracing Smith’s reception in the U.S. from 1776 through the present, Liu tracks the 20Theory of Moral Sentimentshave been interpreted and reinterpreted ever since.
Hayek remolded the ways that Smith’s two works already contradicted each other to make them say what Hayek wanted, either intentionally or unintentionally. Hayek’s reading of Smith paved the way for subsequent libertarians to interpret Smith according to their whims.I first encountered Liu’s work when I was a visiting dissertation fellow at the Mercatus Center, and she was a guest speaker presenting a paper on the Chicago School.
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