Adam Smith on Impartial Patriotism

2021 ◽  
pp. 1-22
Author(s):  
Yiftah Elazar

Abstract Scholars have emphasized Adam Smith's critique of the dangers of patriotism, but have not paid close attention to its potential value. This article recovers from Smith's work an attractive model of patriotism without nationalism. The potential value of patriotism lies in inspiring individuals to realize an ideal of impartial beneficence, which consists in overcoming selfishness and other subpolity partialities and in promoting the greater happiness of all fellow citizens. Smith defends virtuous patriotism against strong cosmopolitanism by arguing that a global division of labor, which directs individuals to benefit their compatriots, more effectively serves the interests of humanity than directly trying to promote global happiness. This article illuminates aspects of Smith's work that contrast with the “invisible hand” argument and favor the conscious pursuit of public interest in some contexts. It contributes to recent discussions of patriotism a distinctive way of understanding its relation to impartiality.

2007 ◽  
Vol 5 (2) ◽  
pp. 103-117 ◽  
Author(s):  
Alistair M. Macleod

The version of the invisible hand argument in Adam Smith's Theory of Moral Sentiments differs in important respects from the version in The Wealth of Nations. Both are different, in turn, from the version invoked by Milton Friedman in Free to Choose. However, all three have a common structure. Attention to this structure can help sharpen our sense of their essential thrust by highlighting the questions (about the nature of economic motivation, the structure of markets, and conceptions of the public interest) to which answers of certain kinds would have to be available for any of the versions to succeed.


2010 ◽  
Vol 59 (2) ◽  
Author(s):  
Johannes Treu

AbstractThe name of Adam Smith is always associated with the development of the invisible hand, the differentiation of labour and with the foundation of the economic liberalism, so that his book the Wealth of Nation is still in fashion. Based on the criticism of mercantilism system Smith develops his own economic system. Furthermore this economic system is more than pure discretion, it is also instruction which role the market and the state have to fulfil. Smith attributes to the market his famous role, the free function of the price system. Whereas the function of the state is limited to three tasks and no intervention into the market or price process are allowed.


Author(s):  
Carlos Kohn W.

I criticize the liberal foundations of democracy on two counts: (1) the impossible defense of a "neutral" model of the state; and (2) the individualist foundation of its moral and political philosophy. I suggest as well that political liberalism reduces the emancipatory chances of the democratic project by pursuing the goal of Hobbes. Leviathan-that is, by seeking to establish a well-ordered society that endorses an overlapping consensus favoring the ruling classes. The guiding dictum of the "demoliberal" theory seems to be-to paraphrase Adam Smith and Hegel-the invisible hand which regulates the market is the cunning reason of democracy, or, the key of its governability. Are we approaching the end of history as longed for by Fukuyama? I will analyze the premises which sustain his thesis.


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