The Gordon Brown Problem: New Labour and the Two ‘Adam Smiths’

As is well known, New Labour is often presented as an alternative to the conventional preferences of the left and right in British politics. Less commented upon is Gordon Brown's self‐conscious appeal to the thought of Adam Smith in doing so. Brown claims to have rescued Smith from those on the right that interpret his ‘invisible hand’ metaphor from The Wealth of Nations to represent dogmatic advocacy of free markets. Rather than interrogate this view, Brown attempts to complement it with the ‘helping hand’ that Smith supposedly proffers in The Theory of Moral Sentiments, in order to stress New Labour's resolution of ‘enterprise and fairness.’ I argue that Brown instead reiterates the academically discredited Adam Smith Problem, in which the moral ‘Smith’ is deemed subordinate to the economic ‘Smith,’ and that his use of these erroneous characterisations highlights his commitment to a set of preferences usually associated with the right.