IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/tmdp3.html
   My bibliography  Save this paper

Smith at 300: The Natural Recompense of Labor

Author

Listed:
  • Andrews, David

Abstract

Smith at 300: Contribution by David Andrews. "This passage would also seem to undermine suggestions, such as that of Jacob Viner in his famous “Adam Smith and Laissez Faire,” that Smith, influenced by Stoics and Physiocrats, held a “doctrine of a harmonious order in nature” (Viner 1927, 199), to which it is in everyone’s moral and material interest to conform. It was on this basis, so the argument goes, that Smith believed free markets to lead to optimal outcomes. If Smith was committed to conformity with nature, however, his claim that the produce of labor is its natural recompense would seem to imply that labor should receive the whole of the product of labor, a position Smith did not clearly advocate."

Suggested Citation

  • Andrews, David, 2023. "Smith at 300: The Natural Recompense of Labor," SocArXiv tmdp3, Center for Open Science.
    • Handle: RePEc:osf:socarx:tmdp3
    DOI: 10.31219/osf.io/tmdp3
    as

    Download full text from publisher

    File URL: https://osf.io/download/644b86de18ff9168880485b6/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/tmdp3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jacob Viner, 1927. "Adam Smith and Laissez Faire," Journal of Political Economy, University of Chicago Press, vol. 35(2), pages 198-198.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mueller, Paul D., 2021. "Adam Smith on moral judgment: Why people tend to make better judgments within liberal institutions," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 813-825.
    2. Ciani Scarnicci, Manuela, 2012. "Economics and ethics: a historical approach," MPRA Paper 38713, University Library of Munich, Germany.
    3. Ashok Chakravarti, 2012. "Institutions, Economic Performance and the Visible Hand," Books, Edward Elgar Publishing, number 14751.
    4. Carlos Rodríguez Braun, 2021. "Adam Smith’s liberalism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(4), pages 465-478, December.
    5. Scott Drylie, 2020. "Professional Scholarship from 1893 to 2020 on Adam Smith’s Views on School Funding: A Heterodox Examination," Econ Journal Watch, Econ Journal Watch, vol. 17(2), pages 350–391-3, September.
    6. Matthias P. Hühn & Claus Dierksmeier, 2016. "Will the Real A. Smith Please Stand Up!," Journal of Business Ethics, Springer, vol. 136(1), pages 119-132, June.
    7. Woller, Gary M., 1996. "Business ethics, society, and Adam Smith: Some observations on the liberal business ethos," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 25(3), pages 311-332.
    8. Alvey, James E., 2004. "Context And Its Relevance For Adam Smith'S Theological And Teleological Views, The Foundation Of His System Of Thought," Discussion Papers 23715, Massey University, Department of Applied and International Economics.
    9. Klein, Daniel B., 2021. "Conservative liberalism: Hume, Smith, and Burke as policy liberals and polity conservatives," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 861-873.
    10. Steven G. Medema, 2010. "Adam Smith and the Chicago School," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 3, Edward Elgar Publishing.
    11. Kaushik Basu, 2016. "Beyond the Invisible Hand: Groundwork for a New Economics," Economics Books, Princeton University Press, edition 1, number 9299.
    12. Charles J. Whalen, 2007. "The U.S. Credit Crunch of 2007: A Minsky Moment," Economics Public Policy Brief Archive ppb_92, Levy Economics Institute.
    13. Maurício C. Coutinho, 2001. "Adam Smith on public expenditure and taxation," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(2), pages 11-30, December.
    14. Daniel B. Klein, 2009. "In Adam Smith's Invisible Hands: Comment on Gavin Kennedy," Econ Journal Watch, Econ Journal Watch, vol. 6(2), pages 264-279, May.
    15. Maria Pia Paganelli, 2014. "Adam Smith and Entangled Political Economy," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 37-54, Emerald Group Publishing Limited.
    16. Petkantchin Valentin, 1996. "Adam Smith Et La Theorie Evolutionniste De L’Emergence Des Institutions," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 7(1), pages 1-30, March.
    17. Diesel, Jonathon, 2021. "Adam Smith on usury: An esoteric reading," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 727-738.
    18. Alvey, James E., 2004. "The Theological Foundation Of Adam Smith'S Work," Discussion Papers 23713, Massey University, Department of Applied and International Economics.
    19. James Alvey, 2004. "The hidden theology of Adam Smith: A belated reply to Hill," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 11(4), pages 623-628.
    20. Kurz, Heinz D., 2022. "Re-reading Carl Menger’s Grundsätze. A Book That “Cries Out To Be Surpassed”," Centro Sraffa Working Papers CSWP52, Centro di Ricerche e Documentazione "Piero Sraffa".

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:tmdp3. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.