Advanced Search
MyIDEAS: Login

La ideologización del pensamiento de Adam Smith

Contents:

Author Info

  • Clinton Ramírez C.

    ()

Registered author(s):

    Abstract

    This paper examines the process of ideologization of Adam Smith´sthought. In The Wealth of Nations (1776), Smith embraced free enterpriseas the foundational principle of nascent capitalism. The conceptof the invisible hand -a metaphysical idea- helped give cohesion to anewborn science that offered a more dynamic and realistic explanationof the wealth of nations. The conceptual success of the invisible handgave strength to the older to the maxim of laissez faire of businessmen,so much so that the latter replaced the former. The process ofideologization attained its most aggressive form in the second half ofthe XX century at the hand of a neoliberalism (Knight, Mises, Hayek,Stigles, Seldon, Friedman) that proclaimed an untrammeled capitalism.At least in the United States, this led to the elimination of lawssuch as Glass-Steagall, a deregulatory wave that explains much -if notall- the current financial crisis.Este trabajo examina el proceso de ideologización sufrido por el pensamientode Adam Smith. En La riqueza de las naciones (1776) Smithidentificó la libertad de empresa como el principio fundacional delnaciente capitalismo. El concepto de la mano invisible -de ordenmetafísico- ayudó a la cohesión de una ciencia en formación queofreció una explicación más dinámica y realista de la riqueza de lasnaciones. El éxito de la concepción de la mano invisible robusteció laantigua máxima del laissez-faire de los hombres de negocios, al puntoque esta última reemplazó a aquélla. El proceso de ideologizaciónalcanzó la forma más agresiva en la segunda mitad del siglo XX demanos de un neoliberalismo (Knight, Mises, Hayek, Stigler, Seldon,Milton Friedman) siempre deseoso de un capitalismo sin control. Estocondujo al más puro laissez-faire, que culminó al menos en los EstadosUnidos con el desmonte de instituciones como la Ley Glass-Steagall,desregulación que explica en mucho, si no en todo, la actual crisisfinanciera de Wall Street.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://rcientificas.uninorte.edu.co/index.php/economia/article/viewFile/559/300
    Download Restriction: no

    Bibliographic Info

    Article provided by UNIVERSIDAD DEL NORTE in its journal REVISTA DE ECONOMÍA DEL CARIBE.

    Volume (Year): (2009)
    Issue (Month): ()
    Pages:

    as in new window
    Handle: RePEc:col:000382:007114

    Contact details of provider:

    Related research

    Keywords: Libre cambio; mano invisible; filosofía moral; laiseez-faire; racionalidad económica; neoliberalismo; desregulación; crisis financiera.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:col:000382:007114. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marcela Villegas).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.