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

Vol. 23 No. 2 (2003)

Apr-Jun / 2003
Published April 1, 2003
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Camargos, Luiz Rogério de. 2003. “Dirigism in the “Neoclassical State” and Beneficence in the ‘Smithian State’”. Brazilian Journal of Political Economy 23 (2):249-70. https://doi.org/10.1590/0101-31572004-0688.
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Dirigism in the “Neoclassical State” and Beneficence in the “Smithian State”

Luiz Rogério de Camargos
Doutorando em economia de empresas na Escola de Administração de Empresas da Fundação Getúlio Vargas – EAESP/FGV.
Brazilian Journal of Political Economy, Vol. 23 No. 2 (2003), Apr-Jun / 2003, Pages 249-270

Abstract

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.


Keywords: Market Adam Smith neoclassical economics