Was Adam Smith a 20th Century Rationalist?

business_ethics_highlights_2New from Business Ethics Journal Review: >>>

“Adam Smith: 18th Century Sentimentalist or 20th Century Rationalist?” by Matthias Hühn

David Bevan and Patricia Werhane try to enlist Adam Smith’s support in countering the neoclassical narrative in business ethics and CSR. While I applaud their goal and also completely agree with their argument that Smith has been radically misinterpreted by the economics mainstream, I am not completely in agreement with how they argue. In short, I believe they also have uprooted Adam Smith and transformed him in parts into a 20th century philosopher. The 18th century Adam Smith would be a much more powerful advocate for ethics in business if he were accepted as the very eclectic 18th century philosopher that he was.


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