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Der Wohlstand der Nationen und die Moral der Wirtschaftssubjekte

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  • Meyer Wilhelm

Abstract

Adam Smith based his explanation of individual behaviour in a social context on the principles of self-love and of sympathy. He used the principle of self-love in his “Wealth of Nations” to demonstrate that a system of natural liberty would provide people with the means to get more income and wealth than in any other system. He probably believed that a free market economy would be compatible with a decent style of behaviour of all or of most economic actors. This belief may be called the weak harmony thesis.

Suggested Citation

  • Meyer Wilhelm, 2000. "Der Wohlstand der Nationen und die Moral der Wirtschaftssubjekte," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 51(1), pages 127-168, January.
    • Handle: RePEc:bpj:ordojb:v:51:y:2000:i:1:p:127-168:n:8
    DOI: 10.1515/ordo-2000-0108
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    References listed on IDEAS

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    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Reinhard Selten & Michael Mitzkewitz & Gerald R. Uhlich, 1997. "Duopoly Strategies Programmed by Experienced Players," Econometrica, Econometric Society, vol. 65(3), pages 517-556, May.
    3. Bruno S. Frey & Alois Stutzer, 2000. "Maximising Happiness?," German Economic Review, Verein für Socialpolitik, vol. 1(2), pages 145-167, May.
    4. Edwin G. West, 1990. "Adam Smith and Modern Economics," Books, Edward Elgar Publishing, number 466.
    5. Wilson, James Q., 1993. "The Moral Sense," American Political Science Review, Cambridge University Press, vol. 87(1), pages 1-11, March.
    6. Ehrlich, Isaac, 1973. "Participation in Illegitimate Activities: A Theoretical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 521-565, May-June.
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    Cited by:

    1. Alfred Schüller, 2006. "Arbeitslosigkeit als Dauerzustand? Unternehmensverhalten und Beschäftigung unter dem Einfluß "interessenpluralistischer" Ordnungskonzepte," Marburg Working Papers on Economics 200612, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).

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