The Concepts of Value and "Early and Rude society" in the Work of Adam Smith

Main Article Content

Autores

Pilar Piqué https://orcid.org/0000-0002-5812-3535

Abstract

The work has two main objectives. First of all, to synthesize the recent debates in the historiography of economic thought about the notions of “value” and “early and rude society” in The Wealth of Nations. Secondly, to propose a reinterpretation of the role that Adam Smith assigns to these two notions. Two research hypotheses are expected to be demonstrated: 1) that most historians of economic thought interpreted that the Smithian example of how the law of value governs in an “early and rude society” did not make any contribution to the political economy because it cannot say anything about the concept of value in capitalist society, as there it has no "empirical reality"; 2) that if the philosophical dimension of Smithian political economy is developed, the “early and rude society” can be understood as a theoretical fiction that collaborates in the Smithian attempt to forge a law of universal scope.

Keywords:

Article Details

Licence

By submitting articles for evaluation, the author agrees to transfer the publishing rights to Revista Apuntes del CENES for publishing in any format or mean and that the attached partial use license will be signed. To increase their visibility, documents are sent to databases and indexing systems also can be viewed on the website and Redalyc - EBSCO - ProQuest - EconLit - DOAJ -  Scielo - Dialnet - ESCI(WoS) - Latindex  - DOTEC - REPECERIH PLUS - The WZB library -  Actualidad Iberoamericana  -   Publindex  - VCU -  Econpapers - EconBib - Bibilat  -  REDIB  -   Crossref - Worldcat -  CLASE - SHERPA ROMEO - Academia - EconBiz - Socionet - Vlex

The journal is under licence Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)

For CC licenses, the principle is the creative freedom. This system complements the copyright without oppose it. The content of the items is the responsibility of each author, and does not compromise in any way, magazine or institution.

Publishing and reproduction of titles, abstracts and full content for academic, scientific, cultural and nonprofit purposes is allowed, when the respective source is acknowledged. This work cannot be used for commercial purposes.

Apuntes del Cenes is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access.

Apuntes del Cenes  does not charge authors for submission or publication

Form 6 Copyright Transfer Form

When sending an article to submit to the Apuntes del CENES journal, the author(s) certify and accept:

1.That the article has not been accepted for evaluation in another journal, nor has it been published.
2.That, in case a publication of a previous version as a working paper (or 'gray literature') has been reported on a website, and that, in the case of publication being accepted, it will be removed from the Internet site, where
will leave only the title, abstract, keywords and hyperlink to the journal.

3.
That once published in Apuntes del CENES will not be published in another magazine.

References

Backhaus, J. G. (2012). Handbook of the History of Economic Thought. Erfurt, Germany: Springer. https://doi.org/10.1007/978-1-4419-8336-7

Barber, W. J. (1993). A History of Economic Thought. Connecticut: Wesleyan University Press.

Blaug, M. (1997). Economic Theory in Retrospect. Cambridge: Cambridge University Press.

Bonar, J. & Backhouse, R. (2000). Philosophy and Political Economy in Some of their Historical Relations: with Appendix. Vol. 6. London: Taylor & Francis US.

Brown, V. (1994). Adam Smith´s discourse. Canonicity, commerce and conscience. London: Routledge.

Brue, S. L. & Grant, R. R. (2009). Historia del pensamiento económico. México: Cengage Learning.

Colander, D. & Landreth, H. (1994). History of Economic Thought. Boston: Houghton Mifflin.

Dobb, M. H. (1975). Theories of Value and Distribution since Adam Smith: Ideology and Economic Theory. Cambrigde: Cambridge University Press.

Dow, A. & Dow, S. (2015). Scotland. In Barnett, Routledge Handbook of the History of Global Economic Thought. London: Routledge.

Ekelund, R. B. & Hébert, R. F. (1992). Historia de la teoría económica y de su método. España: McGraw-Hill.

Evensky, J. (2003). An Inquiry into the Nature and Causes of the Wealth of Nations. Book, I: Its Relationship to Adam Smith's Full Moral Philosophical Vision. Research in the History of Economic Thought and Methodology, 21(A), 1-47.

Fernández, M. (1997). Adam Smith's Early and Rude State Society: The Missing Factual Instance. Anales de la Asociación Argentina de Economía Política, (32).

Forman-Barzilai, F. (2010). Adam Smith and the Circles of Sympathy: Cosmopolitanism and Moral Theory. Vol. 96. Cambridge: Cambridge University Press. https://doi.org/10.1017/CBO9780511676352

Galbraith, J. K. (1991). A History of Economics. London: Penguin Books.

Graeber, D. (2011). Debt. The first 5.000 years. New York: Melville House.

Gray, A. (1931). The Development of Economic Doctrine: An Introductory Survey. Auburn: Ludwig von Mises Institute.

Griswold, C. L. (1999). Adam Smith and the Virtues of Enlightenment. Cambridge: Cambridge University Press.

Haakonssen, K. (2002). Introduction. The Nature of Smith´s Moral Theory. In A. Smith, The Theory of Moral Sentiments. Cambridge: Cambridge University Press.

Haney, L. H. (1936). History of Economic Thought. New York: Macmillan.

Heilbroner, R. L. (1999). The Worldly Philosophers: the Lives, Times and Ideas of the Great Economic Thinkers. New York: Simon and Schuster.

Hunt, E. K. & Lautzenheiser, M. (2015). History of Economic Thought: A Critical Perspective. New York: ME Sharpe.

Hutchison, T. (1990). Adam Smith and the Wealth of Nations. In D. Mair (ed.) The Scottish Contribution to Modern Economic Thought (pp. 61-80). Aberdeen: Aberdeen University Press.

Hutchison, T. (2002). The Uses and Abuses of Economics: Contentious Essays on History and Method. London: Routledge

Kaushil, S. (1973). The Case of Adam Smith's Value Analysis. Oxford Economic Papers, 25, 60-71 https://doi.org/10.1093/oxfordjournals.oep.a041246

Kicillof, A. (2010). De Smith a Keynes: siete lecciones de historia del pensamiento económico: un análisis de los textos originales. Buenos Aires: Eudeba.

Levin, P. (1999). La economía política en el ocaso de su objeto. Enoikos, Revista de la Facultad de Ciencias Económicas de la Universidad de Buenos Aires, (15).

Mazerolle, F. (2006). Histoire des faits et des idées économiques. Paris: Gualino.

Meek, R. L. (1977) Smith, Marx, and after. London: Chapman& Hall. https://doi.org/10.1007/978-1-4899-7303-0

Méndez, V. (2014). El filósofo y el mercader: filosofía, derecho y economía en la obra de Adam Smith. Vol. 540. México: Fondo de Cultura Económica.

Mills, J. (2002). A Critical History of Economics. Basingstoke: Palgrave Macmillan. https://doi.org/10.1057/9781403914408

Milonakis, D. & Fine, B. (2009). From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory. London: Routledge.

Myrdal, G. (1955). The Political Element in the Development of Economic Theory, London: Routledge.

Naldi, N. (2013). Adam Smith on Value and Prices. In Berry (ed.) The Oxford Handbook of Adam Smith. Oxford: OUP. https://doi.org/10.1093/oxfordhb/9780199605064.013.0015

Negishi, T. (2014). History of Economic Theory. New York: Elsevier.

Olivera, J. H. G. (1957). Valor y trabajo. Estudio sobre la teoría clásica y marxista del valor. Buenos Aires: Universidad de Buenos Aires, Facultad de Ciencias Económicas.

Polanyi, K. (1989). La gran transformación. Crítica del liberalism económico. Madrid: La Piqueta.

Redman, D. A. (1997). The Rise of Political Economy as a Science Methodology and the Classical Economists. Cambridge, MA: The MIT Press.

Rima, I. H. (2003). Development of Economic Analysis. London: Routledge.
Robbins, L. R. B. (1998). A History of Economic Thought. In S. G. Medema &
W. J. Samuels (Eds.) The LSE Lectures (p. 7). Princeton: Princeton University Press.

Robinson, J. (1962). Economic Philosophy. Chicago: Aldine. https://doi.org/10.1017/S0031819100062045

Roll, E. (1969). Historia de las doctrinas económicas. México: Fondo de Cultura Económica.

Roncaglia, A. (2006). The Wealth of Ideas: A History of Economic Thought. Cambridge: Cambridge University Press.

Rothbard, M. N. (1995). An Austrian Perspective on the History of Economic Thought. Auburn: Ludwig von Mises Institute.

Rubin, I. I. (1979). A History of Economic Thought. London: D. Filtzer.

Schumpeter, J. A. (1954). History of Economic Analysis. New York: Oxford University Press.

Screpanti, E. & Zamagni, S. (2005). An Outline of the History of Economic Thought. Oxford: OUP. https://doi.org/10.1093/0199279144.001.0001

Skinner, A. S. (2003). Adam Smith (1723–1790): Theories of Political Economy. In Samuels (ed.) A Companion to the History of Economic Thought. New York: John Wiley & Sons.

Smith, A. (1976). An Inquiry into the Nature and Causes of the Wealth of Nations. Indianapolis: RH Campbell & A. Skinner. Liberty Classics.

Smith, A. (1982). Essays on Philosophical Subjects: The Glasgow Edition of the Works and Correspondence of Adam Smith: Iii. New York: Oxford University Press.

Smith, A. (2002). The Theory of Moral Sentiments. Cambridge texts in the history of philosophy. Cambridge: Cambridge University Press.

Taylor, O. H. (1960). A History of Economic Thought. New York: McGraw-Hill.

Vaggi, G. & Groenewegen, P. (2003). A Concise History of Economic Thought: From Mercantilism to Monetarism. New York: Palgrave McMillan. https://doi.org/10.1057/9780230505803

Werhane, P. (1991). Adam Smith and his Legacy for Modern Capitalism. New York: Oxford University Press.

Downloads

Download data is not yet available.