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On The Social Nature Of Rationality In Adam Smith And John Stuart Mill

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  • Michel S. ZOUBOULAKIS

Abstract

The main purpose of this article is to stress the social nature of economic rationality in the works of Adam Smith and John Stuart Mill. As it will be suggested through some textual evidence, both thinkers believed that individuals and their actions depend on the social, cultural and moral frame inside which they operate. In the light of this, it is proposed to evaluate the potential impact of their ideas in the latest theoretical developments of economic rationality.

Suggested Citation

  • Michel S. ZOUBOULAKIS, 2005. "On The Social Nature Of Rationality In Adam Smith And John Stuart Mill," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 49, pages 51-63.
    • Handle: RePEc:cpo:journl:y:2005:i:49:p:51-63
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    Cited by:

    1. Michel Zouboulakis, 2010. "Trustworthiness as a Moral Determinant of Economic Activity: Lessons from the Classics," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(3), pages 209-221, October.

    More about this item

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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