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Návraty dr. Bernarda Mandevilla aneb počestní darebové v ekonomické transformaci
[Come-backs of dr. Bernard Mandeville: virtuous knaves in economic transformation]

Author

Listed:
  • Václav Klusoň

Abstract

The author undertakes in his essay a risky experiment as he tries to look at the present-time-economic-transformations in the view of the great thinker of 18th century, Dr. Bernard Mandeville, who famed by his Fable of the Bees, or Private Vices and Public Benefits. The philosophy of Mandeville, as is well known, influenced besides others, F. A. Hayek and J. M. Keynes, the former by ascribing Mandeville the primacy of the idea of spontaneity in evolution and the latter by assesing luxury in promoting the spending. In the course of economic reforms the truthfullnes of the so-called Mandevill paradox has been widely afirmed; knaves were becoming virtuous and property conferred respect and authority upon the "nouveau riche".

Suggested Citation

  • Václav Klusoň, 2004. "Návraty dr. Bernarda Mandevilla aneb počestní darebové v ekonomické transformaci
    [Come-backs of dr. Bernard Mandeville: virtuous knaves in economic transformation]
    ," Politická ekonomie, University of Economics, Prague, vol. 2004(1), pages 3-16.
  • Handle: RePEc:prg:jnlpol:v:2004:y:2004:i:1:id:446:p:3-16
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    More about this item

    Keywords

    economic transformation; virtues; evolution; common good; vices; spontaneity; property; morality; self-love; new owners;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D69 - Microeconomics - - Welfare Economics - - - Other

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