This dissertation seeks to clarify the moral and political shape of economic exchange with an intellectual history of capitalism at its eighteenth-century inception. It seeks to avoid the familiar polarities of Marxist and capitalist economic ideologies by framing the ethical questions of economic exchange in historical terms: Why does the modern economic order seem to create moral contradictions and undermine political institutions? In response to this question, the thesis recovers the contributions of the Scottish historian and moral philosopher, Adam Ferguson (1723- 1816). Because modern economy had not yet taken on its modern abstraction and was still a thinkable reality, Ferguson’s treatment on history, action, and political institutions provide a fertile starting point for envisaging a distinctly moral configuration of the economic sphere. He prepares ground for a critical assessment of the political and economic relationship by criticizing the ideal of progress and emphasizing the need for dignified human exertion. His claim is that the liberalized marketplace undermines political institutions—especially law—to the extent that is leaves a people enslaved both to their own dependencies, as well as to other nations for whom commercial luxury is not a vice. My argument carries Ferguson’s claim forward by asserting that the Market itself now tyrannizes and enslaves in much the way Ferguson imagined a military despot would tyrannize unprepared societies of the eighteenth-century. Eighteenth-century theology is, in many respects, a period of relative theological austerity; so it is therefore unsurprising that a morally confused political instrument (capitalism) would emerge in an age largely devoid of theological imagination or conscience. Jesus Christ is no longer the origin, end, or meaning of history; co-creation is no longer the principal object of human action or labour; and the means of Christ’s rule through the political order are rejected in favour of luxuries and conveniences of modern commerce. The marketplace now embodies all the fears eighteenth-century theorists reserved for despots, tyrannizing western societies and threatening the resolve of already fractured political institutions.

Adam Ferguson (1723-1816) was one of the leading figures of the Scottish Enlightenment, an influential eighteenth-century moral and political philosopher, as well as a professor of ethics at the University of Edinburgh from 1764 to 1785. There has been a wealth of scholarship on Ferguson in which central themes include his role as a political theorist, sociologist, moral philosopher, and as an Enlightenment thinker. One of the most frequent topics addressed by scholars is his relationship to ancient philosophy, particularly Stoicism. The ease with which scholars identify Ferguson as a Stoic, however, is problematic because of the significant differences between Ferguson‟s ideas and those of the „schools‟ of classical antiquity, especially Stoicism. Some scholars interpret Ferguson‟s philosophy as a derivative, unsystematic „patchwork‟ because he drew on various ancient sources, but, it is argued, did not adhere to any particular system. The aim of my thesis is to suggest an alternative interpretation of Ferguson‟s relationship to ancient philosophy, particularly to Stoicism, by placing Ferguson in the context of the intellectual history of the eighteenth century. The first section of this thesis is an examination of Ferguson‟s response to the Quarrel between the Ancients and the Moderns, modern eclecticism and the experimental method to demonstrate how Ferguson‟s approach to and engagement with ancient philosophy is informed by these intellectual contexts. The second section is a close analysis of the role that ancient schools play in his discussion of the history of philosophy as well as the didactic purpose found in his lectures and published works thereby determining the function of ancient thought in his philosophy. The third section is a re-examination of Ferguson‟s concept of Stoicism and his engagement with Stoic ethics in his moral philosophy re-interpreting his relationship to the ancient school. With a combination of a new understanding of Ferguson‟s methodology and new assessment of his engagement with ancient thought, a new interpretation of Ferguson‟s moral philosophy demonstrates his unique contribution to eighteenth-century thought.

This thesis attacks the neglected and unresolved historiographical problem connecting Adam Ferguson’s work, in particular, his Essay on the History of Civil Society, to his early life experience. During the 1960s and 1970s, the issue of Ferguson’s Highland background first came to the fore. A knowledge of Gaelic marked Ferguson out from his colleagues, denoting his status as a Highlander. Michael Kugler’s 1994 study examined how Ferguson and his contemporaries constructed an idealised representation of Highland society. My investigation takes a novel approach by concentrating on matters relating to the concrete reality of the locale, language and vestigial shame-honour culture. These were imbibed by Ferguson during his childhood and early adult life. During these phases, Ferguson became conversant in the Gaelic language which acted as a conduit for the mores, history and legends of Highland communities. The elements of the shame-honour culture, the neural pathways generated by Gaelic, and Highland orality, all left their mark on him. Evidence of these component influences can be identified in his Essay, correspondence and other works. An analysis of Ferguson’s correspondence confirms his native-like control of the Gaelic sound system, indicating fluency from a young age. Ferguson experienced a traditional, communal way of life in transition. During his lifetime, there was an increasing drive to modernise the rural parts of Scotland. His insider-knowledge of two cultures, together with his familiarity of two naturally acquired grammatical systems, provided him with some unique intuitive perceptions. Ferguson’s works and his success as a university lecturer testify to his assimilation and integration into mainstream Scotto-British eighteenth-century intellectual culture. Nevertheless, his writing bears some hallmarks of alternating cultural loyalties and the occasional affirmation of his first culture. This thesis provides a new dimension to the understanding of Ferguson’s early enculturation, by inviting fresh explication of important passages of his writing. / Doctor of Philosophy (PhD)