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portada The Rule of the Rich? Adam Smith’S Argument Against Political Power
Type
Physical Book
Author
Publisher
Year
1998
Language
English
Pages
152
Format
Paperback
Dimensions
22.9 x 15.2 x 0.9 cm
Weight
0.23 kg.
ISBN
0271024968
ISBN13
9780271024967
Edition No.
1
Categories

The Rule of the Rich? Adam Smith’S Argument Against Political Power

Susan E. Gallagher (Author) · Penn State University Press · Paperback

The Rule of the Rich? Adam Smith’S Argument Against Political Power - Gallagher, Susan E.

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Synopsis "The Rule of the Rich? Adam Smith’S Argument Against Political Power "

Usually viewed as the premier apologist for laissez-faire capitalism, Smith is seen in this new interpretation within the context of an earlier tradition that condemned the British aristocracy for relinquishing its moral obligation to promote the public good in favor of an unceasing pursuit of private gain.Through separate chapters on Mandeville, Bolingbroke, and Hume, Gallagher shows that Smith echoed civic humanist sermons against the avaricious inclinations of the nobles who profited most from commercial expansion. Unlike earlier critics, however, Smith concluded that the most prudent response to aristocratic corruption was not to hold ministers, kings, and social notables to higher standards but to limit their access to political power. The Rule of the Rich? accordingly shows that the case for limited government made in The Wealth of Nations was not a defense of individual liberty so much as a concession to the apparent incompetence of the British upper class.

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