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Keynes and Smith, Opponents or Allies? Part II: Smith, and Keynes-Smith Parallels
Review of Political Economy Pub Date : 2021-03-09 , DOI: 10.1080/09538259.2021.1882186
Rod O’Donnell 1, 2
Affiliation  

ABSTRACT

In investigating Keynes–Smith relationships, this paper discusses Smith and the parallels between the mature contributions of these two philosopher-economists. It begins by carefully examining Smith’s economic theory and policy, summarising his core argument in a clarifying syllogism, and exploring his invisible hand remarks. It then turns to the largely unexplored parallels between their major economic works. In theoretical terms, their core arguments have similar structures and analytical characteristics. In policy terms, both proposed new institution-based systems serving individual and social interests, considerable socio-economic restructuring and non-minimalist roles for the state. The paper concludes with a syllogism summarising Keynes’s parallel position, and comparative comments on some recent analyses of Smith’s thought.



中文翻译:

凯恩斯和史密斯,对手还是盟友?第二部分:史密斯和凯恩斯-史密斯的相似之处

摘要

在调查凯恩斯-史密斯关系时,本文讨论了史密斯以及这两位哲学家-经济学家的成熟贡献之间的相似之处。它首先仔细研究斯密的经济理论和政策,以清晰的三段论概括他的核心论点,并探索他的无形之手言论。然后,它转向了他们主要经济工作之间很大程度上未被探索的相似之处从理论上讲,它们的核心论点具有相似的结构和分析特征。在政策方面,两者都提出了服务于个人和社会利益的新的以制度为基础的制度,重大的社会经济重组和国家的非极简主义角色。这篇论文以总结凯恩斯的平行立场的三段论作为结尾,并对最近对斯密思想的一些分析进行了比较评论。

更新日期:2021-03-09
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