IDEAS home Printed from
   My bibliography  Save this article

Del sentimiento de la prudencia o la mano invisible de la moral


  • Ángel Emilio Muñoz Cardon

    () (Corporación Universitaria Adventista)


Smithian moral philosophy is based on an axiomatic principle: the individual’s necessary belonging to society and moral action as a determinant of individual wellbeing. The inherent social condition of the individual due to the impossibility of autonomous psychological and ontological survival, and the moral identification with one’s own happiness and that of others, achieved through direct or involuntary means, the empathy with the success or the pain of others. It is the prudent action that explains the civilian character of self-determination and self-control of decisions. For Smith, human beings are not only self-interested because they have a moral conscience and a socialized existence.

Suggested Citation

  • Ángel Emilio Muñoz Cardon, 2006. "Del sentimiento de la prudencia o la mano invisible de la moral," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 65, pages 223-240, Julio-Dic.
  • Handle: RePEc:lde:journl:y:2006:i:65:p:223-240

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Fischer, Andreas M & Zurlinden, Mathias, 1999. "Exchange Rate Effects of Central Bank Interventions: An Analysis of Transaction Prices," Economic Journal, Royal Economic Society, vol. 109(458), pages 662-676, October.
    2. Sergio Clavijo, 2002. "Política Monetaria Y Cambiaria En Colombia: Progresos Y Desafíos (1991-2002)," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 20(41-42), pages 87-142, June.
    3. Stanley Fischer, 2001. "Exchange Rate Regimes: Is the Bipolar View Correct?," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 3-24, Spring.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Congeniality; Sympathy; Cooperative Game; Happiness; Hate; Moral Philosophy; Prudence; Selfishness;

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General


    Access and download statistics


    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:lde:journl:y:2006:i:65:p:223-240. 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: (Carlos Andrés Vasco Correa). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.