The author has two avowed aims: first, to show how Adam Smith and Georg Hegel have defined the debate in political economy, and, second, to address normative issues raised in ‘market societies’. As part of this framework, Herzog a) insists that markets cannot be understood apart from their larger contexts, hence the stress on political-economy as opposed to a narrow conception of economics (i.e., University of Chicago); and b) recognizes that normative issues are not adequately addressed in political theory that ignores markets and is restricted by the individual vs. community debate (pp. 61-62, 80). The presumptions are that markets…
|Adam Smith, Georg Hegel, Individual Autonomy, Market Economy, Philosophy of Right, Theory of Moral Sentiments, Two Narratives of Political Economy, Wealth of Nations
To Make a Market
by Nicholas Capaldi|