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An Archaeology of Adam Smith's Epistemic Context
- Source :
- Review of Political Economy. 27:585-605
- Publication Year :
- 2015
- Publisher :
- Informa UK Limited, 2015.
-
Abstract
- Adam Smith played a key role in Foucault's archaeology of political economy. This archaeology, which Foucault accomplished in The Order of Things, is the focus of this article. Foucault may have disagreed with the writings of the classical political economists but he widens our perspective through new possibilities of understanding. It is very illuminating to understand Smith's thinking as following a discursive practice that economic thought shared with the knowledge of living beings (natural history) and language (grammar). Foucault's archaeology highlights some ontological and epistemological conditions that shed light on some of the pillars of Smith's thinking: the centrality of exchange, the division of labour and the labour theory of value. The proximity between Newton and Smith is also examined in ontological and epistemological terms which can be understood through an investigation of that interdiscursivity practice. Beyond testing Foucault's considerations, our aim is to demonstrate their potential for the current scholarship of Smith's works. Foucault's archaeology of knowledge offers a range of elements that warrants greater analysis by historians of economic thought.
- Subjects :
- Grammar
media_common.quotation_subject
Economics, Econometrics and Finance (miscellaneous)
Perspective (graphical)
Context (language use)
Archaeology
Epistemology
Scholarship
Politics
Political Science and International Relations
Economics
Labor theory of value
Division of labour
Order (virtue)
media_common
Subjects
Details
- ISSN :
- 14653982 and 09538259
- Volume :
- 27
- Database :
- OpenAIRE
- Journal :
- Review of Political Economy
- Accession number :
- edsair.doi...........6f2a5a57d95136f6bbd804c5affb3bd0