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- W2927008481 abstract "In this chapter, we see that their philosophy affect the economics of David Hume and Adam Smith. Hume’s economics is imbued with his cyclical vision of history and institutional Darwinism. As in all his social philosophy, the final goal of Hume’s economics seems to be to explain how a common world is created from private and subjective elements. On the other hand, Smith tends to withdraw the historical and psychological influences of his treatment of economic policy. This is closely related to the Smithian believe in a common reality and on natural freedom. Hume raised the problem of growth from the skeptical perspective of the survival of society, Smith’s vision is more optimistic. Hume attempts to morally justify “existing” institutions from a certain fear of change; Smith campaigns for freeing the maximum creative capacity of men. We pinpoint two main contrasting theories between Hume and Smith in money issues: the specie-flow mechanism and the bank-notes issuance." @default.
- W2927008481 created "2019-04-11" @default.
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- W2927008481 date "2019-01-01" @default.
- W2927008481 modified "2023-10-03" @default.
- W2927008481 title "Consequences on Economic Theory" @default.
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- W2927008481 doi "https://doi.org/10.1007/978-3-030-14306-0_6" @default.
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