One often hears the argument that Adam Smith’s Theory of Moral Sentiments provides a basis for the construction of a morality independent of a religion based on revelation. Central to this argument is Smith’s impartial spectator, whose study of human motivation through observation of the...

Frank H. Knight's antagonism to religion is well-known, and features prominently in his writings from the 1930s on. But during the 1920s, when he was a professor at the University of Iowa and wrote some of his most important essays on the limitations of economics, Knight was an active...