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Article

Open Access

The Divine and the Political Economy

Author(s)

Odysseas Kopsidas

Full-Text PDF Download XML 646 Views

DOI:10.17265/2328-7144/2018.03.009

Affiliation(s)

University of Piraeus, Piraeus, Greece

ABSTRACT

The Invisible Hand Of Divine Providence in Christian Theology leads mankind continuously with teleological aim. Adam Smith’s “Invisible Hand of Political Economy” leads society to the highest level of prosperity, where the benefits of households, businesses and the state are optimized. Adam Smith, influenced by the Theology of Augustine and Thomas Aquinas, transfers the Hand of Divine Providence to economic life and lets individuals function on the basis of their own interest and the “sympathy” governing their economic relations. Two patterns run at the same time. The economic circuit is driven by the good choice of the invisible hand, and mankind is driven by the good providence of God. The purpose of our work is to present this coincidence of the two “long hands” of God and the Economy and the influences that the Philosophy of Ethical Emotions of Political Economy has received from Theology.

KEYWORDS

invisible hand, political economy, divine providence, Adam Smith

Cite this paper

Economics World, May-June 2018, Vol. 6, No. 3, 248-250 doi: 10.17265/2328-7144/2018.03.009

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