Adam Smith and the Grotian theory of property

In the theory of property, which he presented in his lectures in Glasgow in 1762-63, Adam Smith moved decisively against the ideas of his Scottish contemporaries and near contemporaries, particularly with respect to the elements of their theories they had inherited from Locke. This article explores the reasons behind this change in direction and discusses the use Smith made of Grotius' theory of property in reformulating his own ideas. I argue that Grotius' influence is evident in three features of Smith's theory: the account of property in the first age of society; the role of agreements in the subsequent development of property; and the nature and scope of natural rights. © 2010 The Author. Journal compilation © 2010 Political Studies Association.