Adam Smith's and Douglass North's Multidisciplinary Approach to Economic Development
2014; Wiley; Volume: 73; Issue: 1 Linguagem: Inglês
10.1111/ajes.12067
ISSN1536-7150
Autores Tópico(s)Political Philosophy and Ethics
ResumoThe American Journal of Economics and SociologyVolume 73, Issue 1 p. 3-31 Original Article Adam Smith's and Douglass North's Multidisciplinary Approach to Economic Development Kwangsu Kim, Kwangsu KimThe author is a Professor in Economics at Sungkyunkwan University, Seoul 110-745, Korea. Email: [email protected]. This article was supported by Samsung Research Fund 2010, Sungkyunkwan University. The author appreciates the helpful comments of the two anonymous referees and the editor of this journal.Search for more papers by this author Kwangsu Kim, Kwangsu KimThe author is a Professor in Economics at Sungkyunkwan University, Seoul 110-745, Korea. Email: [email protected]. This article was supported by Samsung Research Fund 2010, Sungkyunkwan University. The author appreciates the helpful comments of the two anonymous referees and the editor of this journal.Search for more papers by this author First published: 02 January 2014 https://doi.org/10.1111/ajes.12067Citations: 13 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat Abstract This article aims to point out Adam Smith's and Douglass North's multidisciplinary approach to economic development and history. Based on a philosophical link of methodological issues, Smith and North shared a conceptual framework and explanatory principles in common as well as similar historical illustrations. In terms of the use of comprehensive and integrated models of society, politics, and economy, they presented that economic development relies on how far congenial both institutional environments and sociocultural values of justice, liberty, security, and equality are to economic agents, allowing the interplay between economic performance and polity/culture. Meanwhile, these suggest a bridging role between old and new institutionalism, and, more importantly, a revival of Smithian moral philosophical tradition in the history of economics. References Aspromourgos, T. (2009). The Science of Wealth: Adam Smith and the Framing of Political Economy. New York: Routledge. Web of Science®Google Scholar Berry, C. J. (2006). " Smith and Science." In The Cambridge Companion to Adam Smith. Ed. K. 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