Labor and Exchange: Adam Smith and the Emergence of the Economic Discourse
CEDEPLAR Working Paper No. 142
25 Pages Posted: 11 Apr 2001
Date Written: August 2000
This article explores why Smith's work is a turning point in the history of economic thought. The constitution of an economic discourse and the delimitation of the economy sphere are attributed to: i) the specific nature of Smith's moral philosophy; ii) his way of conceiving economic action as composing an ontological domain structured upon two axis: labor and exchange. The text indicates the connections between Smith's moral philosophy and his economic thought, suggesting that the conventional interpretations underestimate their variety and complexity.
Note: Paper available in Portuguese only.
Keywords: Adam Smith, economic discourse, ethics and economics
JEL Classification: B12, B31, B40
Suggested Citation: Suggested Citation