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Self-Interest before Adam Smith

Name: Self-Interest before Adam Smith
Brand: Cambridge University Press
SKU: 04089898
Price: 49.79 EUR
Availability: InStock
Author: Pierre Force
ISBN: 9780521036191

A Genealogy of Economic Science

Pierre Force

Language

English

Book Paperback

Libristo code: 04089898

Publishers Cambridge University Press, April 2007

Self-Interest before Adam Smith inquires into the foundations of economic theory. It is generally as... Full description

Libristo code: 04089898

122 b

49.79 € VAT included

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Self-Interest before Adam Smith inquires into the foundations of economic theory. It is generally assumed that the birth of modern economic science, marked by the publication of The Wealth of Nations in 1776, was the triumph of the 'selfish hypothesis' (the idea that self-interest is the motive of human action). Yet, as a neo-Epicurean idea, this hypothesis had been a matter of controversy for over a century and Smith opposed it from a neo-Stoic point of view. But how can the Epicurean principles of orthodox economic theory be reconciled with the Stoic principles of Adam Smith's philosophy? Pierre Force shows how Smith's theory refutes the 'selfish hypothesis' and integrates it at the same time. He also explains how Smith appropriated Rousseau's 'republican' critique of modern commercial society, and makes the case that the autonomy of economic science is an unintended consequence of Smith's 'republican' principles.