Adam Smith's concept of the social system
Journal of Business Ethics · 1990 · Volume 9 · Issue 2
Abstract
This essay will postulate that Adam Smith's view of society was formulated out of historical influences far broader than generally conceded by many commentators in economic thought. Smith's basic behavioral concepts of sympathy and self-interest are significant contributions to economic thought as are his philosophy of human nature being based on liberty and freedom and not simply the creation of wealth. The vectors of influence that converged on Adam Smith were of varied and even contradictory natures. Yet the result of this collision of philosophical forces was clearly an event of significance in the history of philosophical and economic thought.
Keywords
Economic Growth, Social System, Significant Contribution, Human Nature, Economic Thought
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