Philosophy Dictionary of ArgumentsHome
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| Political economy: Classical political economy, founded by Adam Smith, David Ricardo and Karl Marx, was concerned in particular with
the distribution of income and wealth, the role of government in the economy, and the effects of economic growth on society. See also Economics, A. Smith, D. Ricardo, K. Marx._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Adam Smith on Political Economy - Dictionary of Arguments
Otteson I 12 Political economy/Adam Smith/Otteson: The ultimate goal, (…), of political economy, as Smith conceived it, was to figure out what social and public institutions would enable a prospering society in which people stand a chance of leading truly happy lives. To do this, he would first have to understand human nature and human psychology, and what constitutes genuine human happiness: that was the primary goal of his first book, The Theory of Moral Sentiments(1). And then the political economist would have to understand the human condition and the material and other constraints human beings face: that was the primary goal of his second book, The Wealth of Nations(2). Only then could he make positive recommendations about what policies would enable creatures like us, in the conditions in which we find ourselves, to prosper and flourish. >Society, >Community, >Behavior, >Community/Adam Smith. Main questions: 1) What is genuine human happiness, and how can it be achieved? 2) What constitutes real wealth, and what is the connection between happiness and wealth? 3) Why are some places wealthier than others, and how can poorer places become wealthier? 4) What public institutions can we recommend that would fulfill our moral aspirations by enabling enable people to achieve happiness? 5) How can we help all citizens, and especially our poor, to lead lives of not only prosperity but also purpose and meaning? >Justice, >Equality, >Inequalities, >Happiness. 1. Smith, Adam (1982) [1759]. The Theory of Moral Sentiments. D. D. Raphael and A. L. Macfie, eds. Liberty Fund. 2. Smith, Adam. (1776) The Wealth of Nations. London: W. Strahan and T. Cadell._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSmith I Adam Smith The Theory of Moral Sentiments London 2010 EconSmithV I Vernon L. Smith Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009 Otteson I James R. Otteson The Essential Adam Smith Vancouver: Fraser Institute. 2018 |
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