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Self-interest before Adam Smith : a genealogy of economic science
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ISBN: 0521830605 0521036194 1107138892 0511179243 0511062915 0511306288 0511490534 1280421738 0511203160 051107137X 9780511062919 9780511071379 9780511490538 9780521830607 9781107138896 9781280421730 9780511179242 9780511203169 9780511306280 9780521036191 Year: 2003 Volume: 68 Publisher: Cambridge ; New York : Cambridge University Press,

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Abstract

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.

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