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ReserarchID
19181
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.
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): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 101
Country: Jordan
Subject: Global Journal of Management and Business Research - B: Economic & Commerce
Authors: Ibrahim Alloush (PhD/Dr. count: 0)
View Count (all-time): 157
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Publish Date: 2016 02, Tue
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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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