Economics and the Idea of Jus Naturale

O. H. Taylor

The Quarterly Journal of Economics, 1930, vol. 44, issue 2, 205-241

Abstract: I. The ethical-juristic conception of "natural law," as well as the natural science conception of "natural laws," affected economic thought in the eighteenth century, 205.—Separate study of the influence of former would throw light on laissez faire, 208.—II. General meaning of Jus Naturale conception in seventeenth and eighteenth centuries, 209.—Of no influence on economic theories of mercantilists, it shaped those of such writers as Grotius, Pufendorf, and Hutcheson, 211.—III. The philosophy of the Physiocrats. Laws of economic process as it would go on in an ideal social order, prescribed by Nature but to be achieved by human efforts, 215.—IV. The philosophy of Adam Smith. Human propensities and sentiments, with limited amount of human planning, would produce a harmonious social order, 226.—The Theory of Moral Sentiments in relation to the Wealth of Nations, 232.—V. Summary and conclusions, 239.

Date: 1930
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