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Adam Smith and the conspiracy of the merchants

Datos Bibliográficos

ID13104627
AutoresPaul Sagar (0000-0002-8076-7927, King's College London, autor de correspondencia)
Año2018
Volumen6
Número4
Páginas463-483
Fecha de publicación2018-10-02
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaGlobal Intellectual History (JOURNAL)
Identificadores de la revistaISSN: 2380-1883 • E-ISSN: 2380-1891
EditorialTaylor & Francis (PUBLISHER • GB)
DOI10.1080/23801883.2018.1530066
OpenAlexW2894997027
IdiomaEN
Citas recibidas7
Referencias citadas28

Adam Smith famously declared that ‘People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices’. Although Smith’s hostility to the merchants and the mercantile system is well known, what has not hitherto been appreciated is the full extent to which Smith believed such a ‘conspiracy’ to obtain, how he believed that it came about, and why it would likely prove highly resistant to effective political control. To appreciate this, it is necessary to situate The Wealth of Nations in relation to Smith’s wider assessment of the origins of modern European commercial societies, connecting his critique of mercantilism to his history of law and government, as well as to his late interventions regarding the problematic centrality of political judgement to managing affairs of state. Once this is done, we see that the famous attack on mercantilism in The Wealth of Nations must ultimately be read as Janus-faced, given Smith’s wider assessment of modern European conditions as revealed in the student lecture notes of the 1760s, and the final edition of the Theory of Moral Sentiments

Adam smith · Economics · Government (linguistics · Judgement · Law and economics · Mercantilism · Neoclassical economics · Political science · Politics · Relation (database · Sociology · State (computer science · American Constitutional Law and Politics · Law · Philosophy · Political Economy and Marxism · Political Theory and Influence

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Obras citantes distintas7
Citas por año1,75
Intervalo de citas2022 - 2026 (5)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 7

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