Adam Smith's Moral Philosophy: A Historical and Contemporary Perspective on Markets, Law, Ethics, and Culture
Cambridge University Press, 3 Οκτ 2005
Adam Smith is the best known among economists for his book, The Wealth of Nations, often viewed as the keystone of modern economic thought. For many he has become associated with a quasi-libertarian laissez-faire philosophy. Others, often heterodox economists and social philosophers, on the contrary, focus on Smith's Theory of Moral Sentiments, and explore his moral theory. There has been a long debate about the relationship or lack thereof between these, his two great works. This work treats these dimensions of Smith's work as elements in a seamless moral philosophical vision, demonstrating the integrated nature of these works and Smith's other writings. This book weaves Smith into a constructive critique of modern economic analysis (engaging along the way the work of Nobel Laureates Gary Becker, Amarty Sen, Douglass North, and James Buchanan) and builds bridges between that discourse and the other social sciences.
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according to Smith accumulation Adam Smith advantages agriculture artiﬁcial asserts behavior beneﬁt Buchanan capital deepening capital stock ceteris paribus Chapter circuit of production cites colonies commerce commutative justice competition consequence deﬁne deity describes Dickey distortions division of labor dynamic economic emergence established Europe evolving example ﬁnancing ﬁnd ﬁrst ﬂow greater Haakonssen Harpham homo economicus human prospect humankind’s evolution ideal imagine impartial improvement incentive individuals inﬂuence invisible invisible connecting justice Keynes laws and institutions liberal plan liberal society liberty manufactures mercantile interests mercantile system mercantilists Mill natural norms one’s particular perfect Physiocrats political positive law principles proﬁt progress of opulence reﬁnement reﬂects religion rent rent-seeking revenue role signiﬁcant Smith believes Smith writes Smith’s analysis Smith’s moral philosophy social construction spectator stage story sufﬁcient t]he theory trade virtue Wealth of Nations WN Book
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