ADAM SMITH: ABOUT CAPITALISM AND THE ETHICS THAT MAKES IT POSSIBLE

Marius Robert Lungu, Ioan Brad, Alina Urlica, Ioana Anda Milin

Abstract


Great Britain has left the European Union, but Europe owes a great deal to the British nation. Among the numerous aspects of this rich legacy, we have inherited a conceptual framework for capitalism and liberalism, the offshoots of the industrial revolution, as well as an extraordinary cultural heritage. In this article we will trace and discuss the conceptual system of the Scottish philosopher Adam Smith, author of The Wealth of Nations, considered by most specialists in the field as the best book on political economy ever written and the “Bible” of capitalism. Furthermore, in the framework established in his work The Theory of Moral Sentiments, capitalism is seen as a moral economic doctrine. Although he is considered the father of modern capitalism, other concepts of his thinking are also very rich and worthy of study. The original thinking envisaged in Adam’s work depicted a system devoid of mercantilism and savage capitalism, as a result of the foundation of his moral philosophy: compassion.


Keywords


: political philosophy; capitalism; moral philosophy; European cultural history

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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