Alasdair MacIntyre argues that the Enlightenment ideology, which includes Adam Smith's moral theory, lacks any sense of telos and will, therefore, fail in the long run. This article accepts MacIntyre's challenge and examines Smith's moral philosophy arguing that Smith did not completely discard...

Frederic Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...

Frédéric Bastiat (1801-1850) was an economist and journalist. A member of the French Liberal School, he is best known for his free trade ideas and his philosophy of law. Mark Blaug ranks him as one of the 100 greatest economists before Keynes. Schumpeter called him a brilliant economic...

Adam Smith hat in seinem Bild des Menschen der Rolle der Imagination einen so großen Stellenwert eingeräumt, dass es berechtigt ist, ihn als Bildanthropologen zu bezeichnen. Der Aspekt des Bildvermögens von Menschen geriet im Laufe des 19. Jahrhunderts in der Geschichte der Wirtschaftstheorie...

This paper challenges the commonly held view that Smith's moral theory is a subjectivist theory. Smith's test for goodness and rightness - for propriety - is not the approbation of an impartial spectator, but the warranted approbation of such a spectator. Something is right or good not because...

The essays in this volume offer a reassessment of Jeremy Bentham's strikingly original legal philosophy. Early on, Bentham discovered his “genius for legislation” — “legislation” included not only law making and code writing, but also political and social institution building and...

This paper is an evaluation of John Locke's labour theory of property. Section I sets out Locke's labour view. Section II addresses several possible objections, including against the conceptual coherence of Locke's argument, against the metaphysical implications of his view, as well as...

In this essay I consider the relationship between wealth and happiness in Adam Smith by a close reading of a famous section of The Theory of Moral Sentiments (TMS IV.i.8-10). I interpret Smith as presenting an open-ended dialectic between the pursuit of wealth and the pursuit of happiness with...

Adam Smith included understanding and belonging among basic human needs. Humans have spiritual and material needs that they can satisfy through coordination and cooperation, both need communication. Religion and philosophy emerge when people communicate the explanations they have of their...