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

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 so...

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Bibliographic Details
Author: Camargos, Luiz Rogério de
Format: article
Status:Published version
Publication Date:2003
Country:Brasil
Institution:EDITORA 34
Repository:Revista de Economia Política
Language:Portuguese
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/898
Online Access:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/898
Access Level:Open access
Keyword:Mercado
Adam Smith
teoria econômica neoclássica
Market
neoclassical economics
Description
Summary: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.