Realizing the Spirit and Impact of Adam Smith's Capitalism through Entrepreneurship
Adam Smith argued in The Wealth of Nations and The Theory of Moral Sentiments that in order to create an effective and productive capitalist system, individuals must pursue interests of both the self and society. Despite this assertion, modern economic theory has become tightly focused on the pursui...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2003
|
| In: |
Journal of business ethics
Year: 2003, Volume: 46, Issue: 3, Pages: 251-258 |
| Further subjects: | B
Business Ethics
B Entrepreneurship B Utilitarianism B Adam Smith B Economic Theory B Capitalism |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000naa a22000002 4500 | ||
|---|---|---|---|
| 001 | 178562007X | ||
| 003 | DE-627 | ||
| 005 | 20220112043558.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2003 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1023/A:1025564030922 |2 doi | |
| 035 | |a (DE-627)178562007X | ||
| 035 | |a (DE-599)KXP178562007X | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Newbert, Scott L. |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Realizing the Spirit and Impact of Adam Smith's Capitalism through Entrepreneurship |
| 264 | 1 | |c 2003 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a Adam Smith argued in The Wealth of Nations and The Theory of Moral Sentiments that in order to create an effective and productive capitalist system, individuals must pursue interests of both the self and society. Despite this assertion, modern economic theory has become tightly focused on the pursuit of economic self-interests at the expense of other, higher order motives. This paper will argue that the tendency to employ such an egocentric strategy often generates externalities and inequalities that serve to detract from the greater welfare of society. However, by tempering these economic self-interests with non-economically motivated considerations, this paper will suggest that individuals may create tremendous benefits to society, precisely as Smith outlined more than two centuries ago. In defense of this assertion, this paper will review an array of theoretical arguments and empirical findings that suggest that today's entrepreneurs are not only seeking to satisfy both selfish and ethical motivations, but in so doing they are also contributing substantially to the overall welfare of society through job creation, wealth redistribution, and a lack of discrimination. As such, it appears that spirit and impact of the capitalist system that Smith envisioned is being realized through entrepreneurship. | ||
| 601 | |a Smith, Adam | ||
| 601 | |a Entrepreneurship | ||
| 650 | 4 | |a Utilitarianism | |
| 650 | 4 | |a Entrepreneurship | |
| 650 | 4 | |a Economic Theory | |
| 650 | 4 | |a Capitalism | |
| 650 | 4 | |a Business Ethics | |
| 650 | 4 | |a Adam Smith | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht [u.a.] : Springer Science + Business Media B.V, 1982 |g 46(2003), 3, Seite 251-258 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnns |
| 773 | 1 | 8 | |g volume:46 |g year:2003 |g number:3 |g pages:251-258 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/25075105 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1023/A:1025564030922 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 935 | |a mteo | ||
| 936 | u | w | |d 46 |j 2003 |e 3 |h 251-258 |
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033678948 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 178562007X | ||
| LOK | |0 005 20220112043558 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#8A351DA2EB48DD769B2B4CC98D2414A5E3FE4398 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/25075105 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
| STA | 0 | 0 | |a Entrepreneurship |
| STB | 0 | 0 | |a Entrepreneuriat |
| STC | 0 | 0 | |a Espíritu emprendedor |
| STD | 0 | 0 | |a Imprenditorialità |
| STF | 0 | 0 | |a 創業 |
| STG | 0 | 0 | |a Empreendedorismo |
| STH | 0 | 0 | |a Предпринимательство |
| STI | 0 | 0 | |a Επιχειρηματικότητα |
| SYE | 0 | 0 | |a Unternehmertum,Unternehmer |