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Adam Smith and Confucius: A Tour d'Horizon Towards a Transcultural Foundation of Institutions

Adam Smith and Confucius: A Tour d'Horizon Towards a Transcultural Foundation of Institutions
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摘要 Recently, economists have rediscovered the fact of the cultural embeddedness of institutions. This raises the question whether there are transcultural universals of institutions and institutional design. The paper proposes that such universals cannot possibly be empirical givens, but have to be continuously created through transcultural discourse. I take a first step by putting family resemblances in the moral and social philosophy of Adam Smith and the Confucians into the context of the evolution of Western culture and economics. The tour d'horizon starts with the thesis that the biased perception of Smith( neglecting the moral philosopher) in economics mirrors its cultural embeddedness into what sociologist Norbert Elias has called the "homo clausus" construct in Western societies. I continue with a survey of most recent research in behavioural, institutional, and evolutionary economics which clearly prove the fallacies of the "homo clausus" assumptions of individual autonomy. This explains the recent revival of interest in the "Theory of Moral Sentiments" on part of economists. Indeed, many Smithian insights can be supported by the recent advances in economic research. One fascinating implication is that opening up a transcultural discourse between Western and Eastern moral philosophy might show the way towards a transcultural foundation of institutions. A number of "family resemblances" between Smith and Confucius are presented. I conclude by highlighting some contentious issues between China and the West in the global economy, where the transition to a moral economy with Smithian and Confucian foundations might help to find workable solutions.
出处 《Fudan Journal of the Humanities and Social Sciences》 2010年第3期91-126,共36页 复旦人文社会科学论丛(英文版)
关键词 Adam Smith Theory of Moral Sentiments behavioural andexperimental economics institutional convergence in the global economy culturalembeddedness of economics CONFUCIANISM 跨文化 基金会 亚当斯 机构 孔子 地平线 经济学家 旅游
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