Adam Smithas System between Individualism and Socialization

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Ibrahim Alloush
Ibrahim Alloush
1 Zaytouneh University

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This paper tackles the Das Adam Smith problem, that is, the question of incongruence between Smith’s two major works: the Theory of Moral Sentiments and the Wealth of Nations. It purports to show that the two works abide by the same methodology, which highlights the Natural Order manifest in the Grand Design, but that they reach eventually two fundamentally incompatible results emanating from different initial assumptions about the modus operandi of the individual: a social conscience versus unfettered self-interest. The implications are readily clear for the economic system derived as far as state intervention in the economy is concerned.

8 Cites in Articles

References

  1. Ralph Anspach (1972). The Implications of the <i>Theory of Moral Sentiments</i> for Adam Smith's Economic Thought.
  2. W Campbell (1967). Adam Smith's Theory of Justice, Prudence, and Beneficence.
  3. R Ekelund,Jr,R Hebert (1990). A History of Economic Theory and Method.
  4. J Evensky (1987). The Two Voices of Adam Smith: Moral Philosopher and Social Critic.
  5. R Heilbroner (1982). The Socialization of the Individual in Adam Smith.
  6. A Macfie (1960). ADAM SMITH'S THEORY OF MORAL SENTIMENTS.
  7. Adam Smith (1790). The Theory of Moral Sentiments.
  8. Jacob Viner (1968). Adam Smith.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Ibrahim Alloush. 2016. \u201cAdam Smithas System between Individualism and Socialization\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B1): .

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Issue Cover
GJMBR Volume 16 Issue B1
Pg. 23- 28
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: F63
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v1.2

Issue date

February 9, 2016

Language

English

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This paper tackles the Das Adam Smith problem, that is, the question of incongruence between Smith’s two major works: the Theory of Moral Sentiments and the Wealth of Nations. It purports to show that the two works abide by the same methodology, which highlights the Natural Order manifest in the Grand Design, but that they reach eventually two fundamentally incompatible results emanating from different initial assumptions about the modus operandi of the individual: a social conscience versus unfettered self-interest. The implications are readily clear for the economic system derived as far as state intervention in the economy is concerned.

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Adam Smithas System between Individualism and Socialization

Ibrahim Alloush
Ibrahim Alloush Zaytouneh University

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