By Jean-Pierre Dupuy, Malcolm B. DeBevoise
ISBN-10: 1611861462
ISBN-13: 9781611861464
Read Online or Download Economy and the Future: A Crisis of Faith PDF
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Extra resources for Economy and the Future: A Crisis of Faith
Sample text
One case is of particular interest in this connection, in which all agents coordinate their behavior with reference to the same self-transcendent image of the future. Its interest derives from a set of remarkable properties that make it possible to resolve an otherwise intractable problem (assuming one refrains from invoking a deus ex machina, in this case ethics), namely, of accounting for the existence of such evanescent notions as trust and confidence in the open-endedness of the future, without which capitalism could not function.
It would be truer to say that Smith regards interests as having been contaminated by destructive passions, which they contain in the two senses of the word I have just indicated. To use Rousseau's terms, one loves oneself through amour-propre, not through amour de soi. This means that improvement of our economic circumstances—bettering our condition, in Smith's phrase—depends on being able to attract the “sympathy” of others: if we desire wealth, it is not for the illusory material satisfactions that it may give; it is because wealth brings us the admiration of others, an admiration fatally tinged by envy.
One case is of particular interest in this connection, in which all agents coordinate their behavior with reference to the same self-transcendent image of the future. Its interest derives from a set of remarkable properties that make it possible to resolve an otherwise intractable problem (assuming one refrains from invoking a deus ex machina, in this case ethics), namely, of accounting for the existence of such evanescent notions as trust and confidence in the open-endedness of the future, without which capitalism could not function.
Economy and the Future: A Crisis of Faith by Jean-Pierre Dupuy, Malcolm B. DeBevoise
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