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Los fundamentos morales de la economía: una relectura del problema de Adam Smith

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  • José Atilano Pena López

    ()
    (Universidad de A Coruña)

  • José Manuel Sánchez Santos

    ()
    (Universidad de A Coruña)

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    Abstract

    This paper offers a reinterpretation of “Adam Smith’s problem” and reconsiders the relation between ethics and economics. It makes a critical revision of the attempts that seek to solve this problem, proposes an alternative framework constructed on the Smithian concepts of sympathy and the impartial spectator, and shows that morality understood as an extension of sympathy relations, constitutes a precondition for the market existence. The analysis clarifies that morality is the base of the economic system and, at the same time, the economic system limits morality.

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/jpena16.pdf
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    Bibliographic Info

    Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.

    Volume (Year): 9 (2007)
    Issue (Month): 16 (January-June)
    Pages: 63-87

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    Handle: RePEc:rei:ecoins:v:9:y:2007:i:16:p:63-87

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    Keywords: ethics; economy; Adam Smith; sympathy;

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    1. David Sally, 2002. "Two Economic Applications of Sympathy," Journal of Law, Economics and Organization, Oxford University Press, vol. 18(2), pages 455-487, October.
    2. Elias L. Khalil, 2001. "Adam Smith and Three Theories of Altruism," Recherches économiques de Louvain, De Boeck Université, vol. 67(4), pages 421-435.
    3. Becker, Gary S, 1981. "Altruism in the Family and Selfishness in the Market Place," Economica, London School of Economics and Political Science, vol. 48(189), pages 1-15, February.
    4. Cory, Gerald Jr., 2006. "A behavioral model of the dual motive approach to behavioral economics and social exchange," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(4), pages 592-612, August.
    5. Sally, David, 2001. "On sympathy and games," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 1-30, January.
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