Dirigism in the “Neoclassical State” and Beneficence in the “Smithian State”

Luiz Rogério de Camargos ()

Brazilian Journal of Political Economy, 2003, vol. 23, issue 2, 249-270

Abstract: This paper is concerned with collective benefits arisen from operation of a market-based economy, contrasting traditional Neoclassical explanation with Adam Smith approach in The Wealth of Nations. Its aim is to examine, in both thoughts, the explanatory limits and the meaning of why a beneficent social outcome emerged from a market-based economy. JEL Classification: P10, B3.

Keywords: Market; Adam Smith; neoclassical economics (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:23:y:2003:i:2:p:249-270:id:898

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