The Smithian Account in Amartya Sen's Economic Theory

Franz F. Eiffe

Publication: Working/Discussion PaperWU Working Paper

Abstract

The purpose of the paper is to reconstruct Smith's view not only of human being but also of the economic system basing on his action, so as to show in what way Amartya Sen constructs his moral economic account on these presuppositions and how he conceptualizes some specific Smithian principles, reintegrating them in economic theorising. Sen's model of behavior but also his holistic views on the economy and human development, which have accumulated in the well known capability approach, is inspired by the philosophical work of Adam Smith. In fact, there are more similarities between the two economists than one might think. (...) (author´s abstract)
Original languageEnglish
Place of PublicationVienna
PublisherInstitut für Sozialpolitik, WU Vienna University of Economics and Business
Publication statusPublished - 2008

Publication series

NameWorking Papers / Institut für Sozialpolitik
No.04/2008

WU Working Paper Series

  • Working Papers / Institut für Sozialpolitik

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