||Unusual Humean issues in materialistic political economy
Abstract: Capitalism as we know it presents typical dialectical features that isolate it from nature, in which real oppositions make evolution revolutionary: A dialectical metaphysics replaces the free flow of events allowing capitalist relationships but preventing the practice of materialism. Some radically sceptical issues in Hume’s Enquiry Concerning Human Understanding, Dialogues Concerning Natural Religion and A Treatise of Human Nature come useful here. A materialistic approach with complete (i.e., non-dialectical) ruptures in fact dovetails with Hume’s argument on the unpredictability of nature and the predictability of human social activities. As a consequence, a thus renewed materialistic political economy concerned with the concrete must work out its own categories dynamically, to discard them once they have been proved metaphysical. [Volume VII Issue 2 (Spring 2014)] Read the article ...
||Smith's invisible hand: controversy is needed
(Andrea MICOCCI, Flavia DI MARIO)
Abstract: Smith's metaphor of the invisible hand, commonly attributed to The Wealth of Nations, is described in the Theory of Moral Sentiments. It is a ‘deception’ fed to the lower classes. Private initiative depends upon the presence of privileged classes in a conservative rather than liberal state. Only thus can the ‘invisible hand’ improve the nation's ‘wealth.’ Hence, the economic mainstream cannot easily claim Adam Smith as their ancestor. Nor can the Marxists associate him to the misdeeds of the mainstream. A Smithian ancestry is more plausible for Neoliberals. [Volume XI Issue 1 (Autumn 2017)] Read the article ...