Labor and Exchange: Adam Smith and the Emergence of the Economic Discourse

CEDEPLAR Working Paper No. 142

25 Pages Posted: 11 Apr 2001  

Hugo E. A. da Gama Cerqueira

Universidade Federal de Minas Gerais - Cedeplar

Date Written: August 2000

Abstract

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.

Notes: Paper available in Portuguese only.

Keywords: Adam Smith, economic discourse, ethics and economics

JEL Classification: B12, B31, B40

Suggested Citation

Cerqueira, Hugo E. A. da Gama, Labor and Exchange: Adam Smith and the Emergence of the Economic Discourse (August 2000). CEDEPLAR Working Paper No. 142. Available at SSRN: https://ssrn.com/abstract=265915 or http://dx.doi.org/10.2139/ssrn.265915

Hugo Eduardo Araujo da Gama Cerqueira (Contact Author)

Universidade Federal de Minas Gerais - Cedeplar ( email )

Av. Antonio Carlos, 6627
Prédio da FACE
Belo Horizonte, Minas Gerais 31270-901
Brazil
55 31 3409 7095 (Phone)

HOME PAGE: http://www.cedeplar.ufmg.br/docentes_economia/hugo_eduardo_araujo_da_gama_cerqueira.php

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