The Notions of Simpathy and Value in Parallel. The Problem of the Small Society and the Universal Society in Adam Smith
Published 2018-06-08
How to Cite
Downloads
Altmetrics
Citas
Abstract
The present paper aims to show the existing points of con- tact between the development of the notion of sympathy in The Theory of Moral Sentiments and the development of the notion of value in The Wealth of Nations. In each of these two works (The Theory of Moral Sentiments and The Wealth of Nations), Smith chooses the notion of sympathy and the notion of value as fun- damental principles for the harmony of social behavior and the mercantile exchange system, respectively. But in both cas- es these principles govern only in small societies and not in the society of a universal character which was already present in the Smithian period, where the modern individual no longer has ties of affection with all members of society and, moreover, It does not know the necessary efforts to produce all the necessary goods for its daily life. This parallel exposition provides keys to understanding: a) why Smith decides to take production costs as the source of price determination; b) why Smith emphasizes in the last edition of The Theory of Moral Sentiments at the end of his life that the validity of sympathy is reduced to the national level.
References
- Alvey, J. E. (1999). A short history of economics as a moral science. Journal of markets and morality, 2(1).
- Aspromourgos, T. (2013). On the origins of classical economics: distribution and value from William Petty to Adam Smith. Routledge.
- Broadie, A. (ed.) (2003) The Cambridge companion to the Scottish Enlightenment, Cambridge: Cambridge University Press.
- Campbell, R. R. H., & Skinner, A. S. (Eds.). (1982). The Origins and nature of the Scottish Enlightenment: essays. J. Donald.
- Clark, C. M. (1990). Adam Smith and society as an evolutionary process. Journal of Economic Issues, 24(3), 825-844
- Cremaschi, S. (2009). ‘Newtonian Physics, Experimental Moral Philosophy and the Shaping of Political Economy. Open Economics: Economics in relation to other disciplines. Routledge, 73-94.
- Dow, A., & Dow, S. (2015). Scotland. Routledge Handbook of the History of Global Economic Thought. Routledge.
- Ekelund, R. B., y Hébert, R. F. (1992). Historia de la teoría económica y de su método, McGraw-Hill.
- Fitzgibbons, A. (1997). Adam Smith's system of liberty, wealth, and virtue: The moral and political foundations of the wealth of nations. OUP Catalogue.
- Forman-Barzilai, F. (2005). Sympathy in Space (s) Adam Smith on Proximity. Political Theory, 33(2), 189-217.
- Griswold, C. L. (1999). Adam Smith and the virtues of enlightenment. Cambridge University Press.
- Haakonssen, K. (1989). The science of a legislator: the natural jurisprudence of David Hume and Adam Smith. Cambridge University Press.
- Haakonssen, K. (Ed.). (2006). The Cambridge Companion to Adam Smith. Cambridge University Press.
- Klaver, C. C. (2003). A/Moral Economics: Classical Political Economy and Cultural Authority in Nineteenth-Century England. Ohio State University Press.
- Megill, A. D. (1975). Theory and Experience in Adam Smith. Journal of the History of Ideas, 36(1), 79-94.
- Negishi, T. (2014). History of economic theory (Vol. 26). Elsevier.
- Perdices de Blas, L.. (2008). Historia del pensamiento económico. Síntesis.
- Raphael, D. (1979) ‘Adam Smith: Philosophy, Science and Social Science’, in S. Brown (ed.) The
- Philosophers of the Enlightenment , Brighton: Harvester, 77–93.
- Roncaglia, A. (2006). The wealth of ideas: a history of economic thought. Cambridge University Press.
- Rothbard, M. N. (1995). An Austrian perspective on the history of economic thought. Ludwig von Mises Institute.
- Rothschild, E. (2001). Economic sentiments. Harvard University Press.
- Sakamoto, T., & Tanaka, H. (Eds.). (2005). The rise of political economy in the Scottish enlightenment. Routledge.
- Schumpeter, J. A. (1954). History of economic analysis. Psychology Press.
- Simon, F. (2013). Adam Smith and the Law. The oxford handbook of Adam Smith. OUP Oxford
- Skinner, A. S. (2012). Adam Smith: Theory and Policy. Handbook of the History of Economic Thought (pp. 161-171). Springer New York.
- Smith, A. (1976). An Inquiry into the Nature and Causes of the Wealth of Nations RH Campbell & A. Skinner Indianapolis: Liberty Classics
- Smith, A. (2002). The theory of moral sentiments. Cambridge texts in the history of philosophy.
- Smith, A. (2004). La teoría de los sentimientos morales (versión española y estudio preliminar de Carlos Rodríguez Braun), Editorial Alianza, Madrid.
- Thomsom, H. F. (1965). Adam Smith's philosophy of science. The Quarterly Journal of Economics, 212-233.
- Walras, L. (1874). Éléments d'économie politique pure; ou, Théorie de la richesse sociale. L. Corbaz & Cie Éditeurs, Lausanne.
- Wennerlind, C. (2007). David Hume as a political economist. A History of Scottish Economic Thought. Routledge
- Werhane, P. H. (2006). Adam Smith’s Legacy for Ethics and Economics. Review of Business and Economics, 51(2), 199-212.