Business Ethics and the Origins of Contemporary Capitalism: Economics and Ethics in the Work of Adam Smith and Herbert Spencer
Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what we today take to be philosophies of modern capitalism. Surprisingly it is Spencer, not Smith, who is the individualist, perhaps an egoist, and supports a "night watchman" theory of...
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| Published in | Journal of business ethics Vol. 24; no. 3; pp. 185 - 198 |
|---|---|
| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
Dordrecht
Kluwer Academic Publishers
01.04.2000
D. Reidel Pub. Co Springer Nature B.V |
| Subjects | |
| Online Access | Get full text |
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| Abstract | Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what we today take to be philosophies of modern capitalism. Surprisingly it is Spencer, not Smith, who is the individualist, perhaps an egoist, and supports a "night watchman" theory of the state. Smith's concept of political economy is a notion that needs to be revisited, and Spencer's theory of democratic workplace management offers a refreshing twist on contemporary libertarianism. |
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| AbstractList | Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what today is taken to be philosophies of modern capitalism. Surprisingly, it is Spencer, not Smith, who is the individualist, perhaps an egoist, and supports a night watchman theory of the state. Smith's concept of political economy is a notion that needs to be revisited, and Spencer's theory of democratic workplace management offers a refreshing twist on contemporary libertarianism. Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what we today take to be philosophies of modern capitalism. Surprisingly it is Spencer, not Smith, who is the individualist, perhaps an egoist, and supports a "night watchman" theory of the state. Smith's concept of political economy is a notion that needs to be revisited, and Spencer's theory of democratic workplace management offers a refreshing twist on contemporary libertarianism. |
| Author | Werhane, Patricia H. |
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| ContentType | Journal Article |
| Copyright | Copyright 2000 Kluwer Academic Publishers Copyright Kluwer Academic Publishers Group Apr 2000 |
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| Snippet | Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what we today take to be philosophies of modern... Both Adam Smith and Herbert Spencer, albeit in quite different ways, have been enormously influential in what today is taken to be philosophies of modern... |
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| SubjectTerms | 19th century Business ethics Capitalism Commerce Commutative justice Economic justification Economic theory Economic thought Economists Evolution Free enterprise History of economic thought Humans Libertarianism Organisms Philosophers Philosophy Political economy Political ethics Private enterprises Reading Self interest Smith, Adam (1723-1790) Social evolution Spencer, Herbert (1820-1903) Studies |
| Title | Business Ethics and the Origins of Contemporary Capitalism: Economics and Ethics in the Work of Adam Smith and Herbert Spencer |
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