This
study, deals with the emergence of political economy along with the production
of goods and
services
depending on the capital accumulation process. The Smithian impact in resolving
the link
between
the definition of political economy and distribution and accumulation shall be
explained.
Moreover,
the view that Smith’s works titled The Theory
of Moral Sentiments and The
Wealth of the
Nations contain consistency rather than
inconsistency are evaluated in the study. Smith deals with the
market
and political process in his work titled The Wealth
of the Nations. Therefore, it is expressed
that
the bases of political economy have been established by his work. Moreover,
Smith evaluates the
moral
philosophy in his work titled The Theory
of Moral Sentiments which focuses on the importance
of
concepts like utility and ethics. Accordingly, that the thinkers of Scottish
Enlightenment focus
on
emotions instead of mind and then Smith’s tendency towards emotional
rationality realized in
consistency
are expressed and that these thinkers are turning towards the concept of sympathy is
emphasized
in this study. Smith, one of the thinkers of Scottish Enlightenment, attempted
to describe
the
desire of people to be accepted, adopted and esteemed in society by the concept
of sympathy.
Furthermore,
Smith mentions that there is a relationship between the concept of sympathy and ethical
values. In this context, this study explains
the assessment of the concept of sympathy from a social
and
ethical point of view by the thinkers of Scottish Enlightenment. In addition,
it is argued that the
idea
of spontaneous order and the invisible hand metaphor in Smith have integrity
with Smith’s Moral
Sentiments Theory.
Smith, with the idea of spontaneous order, claims that individuals are pursuing
their
self-interest in the commercial society, as a result, a collective development
can be achieved by
this
way. In the spontaneous order, there are cooperations and exchanges in the
market among people.
On
the other hand, Smith expresses that public good will reach the highest level
with the invisible
hand
metaphor. Besides, the invisible hand metaphor is an instrument which balance
both market
and
society that has the function of regulatory force. This study, discusses the
importance of Smith’s
invisible
hand metaphor and spontaneous order for economy and society. In the study, it
is emphasized
on
the argument that Smith’s invisible hand metaphor can be explained with work
titled The Moral
Sentiments Theory. Nevertheless,
it is evaluated that the principle of sympathy in The Moral Sentiments
Theory is referred to the sense of competition
in The Wealth of the Nations and the economic life of the
buyer
and the seller is realized in a consistent way. In this context, the purpose of
the study is to reveal
and
discuss whether Smith’s invisible hand metaphor and the idea of spontaneous
order and also his
ideas
on economics, society and morality in general are linked to each other or not.
As a consequence
of
the study, it is stated that Smith had tendency toward the ideal of integrating
economics and moral
behavior
in The Theory of Moral Sentiments and The Wealth of the Nations. Moreover, in general, that
the
Scottish Enlightenment thinkers referred to moral values rather than to the
self-interested reason
and the
discipline of the political economy has developed with Smith is manifested.
Ekonomi Politik Görünmez El Metaforu Kendiliğinden Doğan Düzen Ahlaki Duygular Kuramı Ulusların Zenginliği.
Subjects | Political Science |
---|---|
Journal Section | Makaleler |
Authors | |
Publication Date | October 27, 2017 |
Published in Issue | Year 2017 Volume: 5 Issue: 2 |
Siyasal Bilimler Dergisi, Marmara Üniversitesi Siyasal Bilgiler Fakültesi’nin hakemli akademik yayınıdır. Altı ayda bir yayınlanır. Dergide yayınlanan makalelerdeki görüşler yazarlarına aittir. Yayın Kurulu tarafından benimsendiği anlamına gelmez. Yayın Kurulu, yazının özüne dokunmaksızın gerekli yazım ve cümle değişikliklerini yapma hakkını saklı tutar. Siyasal Bilimler Dergisi, ulusal (TÜBİTAK ULAKBİM Sosyal ve Beşerî Bilimler Veri Tabanı) ve uluslararası (EBSCO, ULRICH) alan endekslerinde taranmaktadır.
Journal of Political Science is a peer-reviewed academic journal of Marmara University Faculty of Political Science. The journal is a biannual publication. All the views and opinions expressed in the articles are those of the authors and they do not necessarily reflect the views or opinions of the editor, the editorial board, or the publisher. The editorial board reserves the right to make necessary changes in spelling and sentences without changing content. The journal is indexed by EBSCO International Index, ULRICH's and the ULAKBİM Social and Human Sciences Database.