O pioneirismo de Smith
This article discusses the intellectual and historic circumstances of Smith´s major work. The principle of the "invisible hand" represents a synthesis between the methodological individualism (typically Anglo-Saxon) and the naturalistic view of society (the successor of rationalism): the free exercise of individual instincts (the propensity to exchange) should produce a prosperous and harmonious order, which would correspond to a "natural" impulse towards life in society. This synthesis, however, was only possible because the sociability relations had become predominantly mercantile (in other words, capitalistic). When Smith wrote The wealth of nations, economy was no longer a "slave" of politics: regulation rules were already strictly economic. The "market enigma" that Smith, as a pioneer, is willing to solve, brings with it the very constitution of economics as an independent discipline. Two divergent interpretative trends have developed from Smith´s theory: one, founded on the logic of individual maximization, seeks to refine the premises and radicalize the effectiveness of the "invisible hand". The other, based on its conceptual framework, its perception of the contradictory interests of social classes and its prospective view of capital accumulation will build the Classical Political Economy and its critique.
Volume (Year): 18 (2002)
Issue (Month): (January)
|Contact details of provider:|| Postal: |
Phone: (019) 788-5726
Fax: (019) 289-1512
Web page: http://www.eco.unicamp.br/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:euc:ancoec:v:18:y:2002:p:185-192. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva)
If references are entirely missing, you can add them using this form.