Los fundamentos morales de la economía: una relectura del problema de Adam Smith

José Atilano Pena López () and José Manuel Sánchez Santos ()
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José Atilano Pena López: Universidad de A Coruña
José Manuel Sánchez Santos: Universidad de A Coruña

Revista de Economía Institucional, 2007, vol. 9, issue 16, pages 63-87

Abstract: This paper offers a reinterpretation of “Adam Smith’s problem” and reconsiders the relation between ethics and economics. It makes a critical revision of the attempts that seek to solve this problem, proposes an alternative framework constructed on the Smithian concepts of sympathy and the impartial spectator, and shows that morality understood as an extension of sympathy relations, constitutes a precondition for the market existence. The analysis clarifies that morality is the base of the economic system and, at the same time, the economic system limits morality.

Keywords: ethics; economy; Adam Smith; sympathy (search for similar items in EconPapers)
JEL-codes: A10 A13 B12 (search for similar items in EconPapers)

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