Journal of Business Ethics 24 (3):185 - 198 (1991)

Patricia Werhane
DePaul University
Both Adam Smith and Herbert spencer, albeit in quite different ways, have been enormously influential in what we today take to be philosophies of modern capitalism. Surprisingly it is Spencer, not Smith, who is the individualist, perhaps an egoist, and supports a "night watchman" theory of the state. Smith's concept of political economy is a notion that needs to be revisited, and Spencer's theory of democratic workplace management offers a refreshing twist on contemporary libertarianism.
Keywords Philosophy   Ethics   Business Education   Economic Growth   Management
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Reprint years 1995, 2000, 2004
DOI 10.1023/A:1005937623890
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References found in this work BETA

The Theory of Moral Sentiments.Adam Smith - 1759 - Dover Publications.
The Wealth of Nations.Adam Smith - 1976 - Hackett Publishing Company.
Capitalism and Freedom.Milton Friedman - 1962 - Ethics 74 (1):70-72.
First Principles. --.Herbert Spencer - 1860 - Cambridge University Press.

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Adam Smith’s Bourgeois Virtues in Competition.Thomas Wells & Johan Graafland - 2012 - Business Ethics Quarterly 22 (2):319-350.
Will the Real A. Smith Please Stand Up!Matthias P. Hühn & Claus Dierksmeier - 2016 - Journal of Business Ethics 136 (1):119-132.

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