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Professional paper
Adam Smith and James Steuart: Opposing imageries of early capitalism
Marko Grdešić
| Fulltext: croatian, pdf (756 KB) | pages 3-16 | cite | |
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APA 6th Edition Grdešić, M. (2005). Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma. Diskrepancija, 6 (10), 3-16. Retrieved from https://hrcak.srce.hr/3826 MLA 8th Edition Grdešić, Marko. "Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma." Diskrepancija, vol. 6, no. 10, 2005, pp. 3-16. https://hrcak.srce.hr/3826. Accessed 18 Oct. 2019. Chicago 17th Edition Grdešić, Marko. "Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma." Diskrepancija 6, no. 10 (2005): 3-16. https://hrcak.srce.hr/3826 Harvard Grdešić, M. (2005). 'Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma', Diskrepancija, 6(10), pp. 3-16. Available at: https://hrcak.srce.hr/3826 (Accessed 18 October 2019) Vancouver Grdešić M. Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma. Diskrepancija [Internet]. 2005 [cited 2019 October 18];6(10):3-16. Available from: https://hrcak.srce.hr/3826 IEEE M. Grdešić, "Adam Smith i James Steuart: Suprotstavljeni imaginariji ranog kapitalizma", Diskrepancija, vol.6, no. 10, pp. 3-16, 2005. [Online]. Available: https://hrcak.srce.hr/3826. [Accessed: 18 October 2019] |
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Abstracts
This paper analyses two illustrations or visual metaphors used by the eighteenth century Scottish social thinkers (primarily political economists), Adam Smith and James Steuart, in an attempt to illuminate the emerging economic system as well as the political system associated with it. The f irst metaphor is the famous invisible hand, in itself not considered particularly relevant to Smith, although itʼs logic is. This issue imposes several diff iculties in interpretation that are resolved as much as possible. The other is Stuartʼs metaphor of the new social order as a delicate and fine watch that is to be adjusted cautiously, but frequently and by experts only. These two eighteenth century authors can be taken today, though in a somewhat simplif ied manner, as the embodiments of the two opposing ideological orientations the confrontation of which is also of great importance in our contemporary globalised world.
Keywords
capitalism; market; political economy; invisible hand
Hrčak ID: 3826
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