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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.
Suggested Citation
Clinton Ramírez C., 2009.
"La ideologización del pensamiento de Adam Smith,"
Revista de Economía del Caribe, Universidad del Norte, vol. 0(0), pages 1-47.
Handle:
RePEc:col:000382:007114
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JEL classification:
- B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
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