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Newton's real influence on Adam Smith and its context

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  • Leonidas Montes

Abstract

While Newton's influence on Adam Smith has been widely acknowledged, there is scant research on the actual nature of this influence. This paper sums up a line of investigation delving into this issue. After a short introduction, it is argued that Newton's methodology is more complex than a merely positivistic interpretation. Then the context of Newton's influence during the turn of the seventeenth century and the eighteenth century is assessed. It will be suggested that a British (and particularly Scottish) interpretation of Newton diverges from the French reading of his legacy. The final section analyses Smith's understanding of Newton, arguing that the father of economics was a sophisticated interpreter. The intellectual context of what the Scottish Enlightenment made of Newton, and how he was interpreted, may have played a major role in explaining how Smith understood Newton's legacy. Copyright The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

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  • Leonidas Montes, 2008. "Newton's real influence on Adam Smith and its context," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(4), pages 555-576, July.
  • Handle: RePEc:oup:cambje:v:32:y:2008:i:4:p:555-576
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    File URL: http://hdl.handle.net/10.1093/cje/bem056
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    Cited by:

    1. Philippe Mouillot & Rémy Park, 2019. "Rivalry and its mysteries: When Physics leverages Strategy," Post-Print hal-02148900, HAL.
    2. Gavin Kennedy, 2015. "Adam Smith's Use of the 'Gravitation' Metaphor," Economic Thought, World Economics Association, vol. 4(1), pages 67-79, March.
    3. Paul Oslington, 2012. "God and the Market: Adam Smith’s Invisible Hand," Journal of Business Ethics, Springer, vol. 108(4), pages 429-438, July.
    4. Ashok Chakravarti, 2012. "Institutions, Economic Performance and the Visible Hand," Books, Edward Elgar Publishing, number 14751.

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