Suddenly, with the collapse of communism, Karl Marx is out, Adam Smith is in. But the Adam Smith we know, the author of The Wealth of Nations (1776) and the apostle of supposedly bare- knuckled capitalism, is only half the real man. In this essay, Charles L. Griswold, Jr. describes the efforts of this erudite Scot- tish professor of moral philosophy to imagine how liberal soci- eties could devote themselves to both the pursuit of wealth and the creation of virtuous citizens. As the world rushes...