Labor and Exchange: Adam Smith and the Emergence of the Economic Discourse
Hugo E. A. da Gama Cerqueira
Universidade Federal de Minas Gerais - Cedeplar
CEDEPLAR Working Paper No. 142
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.
Number of Pages in PDF File: 25
Keywords: Adam Smith, economic discourse, ethics and economics
JEL Classification: B12, B31, B40
Date posted: April 11, 2001