scholarly journals An Ordoliberal Interpretation of Adam Smith

ORDO ◽  
2010 ◽  
Vol 61 (1) ◽  
Author(s):  
Rainer Klump ◽  
Manuel Wörsdörfer

SummaryThe aim of the following paper is to examine the complementarities (and divergences) between the ‘Paleo-liberal’ Adam Smith and the Ordoliberal Walter Eucken. Following the hypothesis that Smith is among the forerunners and predecessors of Ordoliberalism and Social Market Economy, we try to provide the reader with an insight into the socio-political philosophy of Smith and Eucken pointing at similarities and differences alike. Therefore, we base our examination on a systematic primary source text analysis comparing the books and essays written by Eucken and Smith. The paper tackles these questions in two main steps: The first part highlights Smith’s and Eucken’s complex and interdependent system of natural liberty. The second section reviews Smith’s and Eucken’s philosophy of the state.

2021 ◽  
Vol 12 ◽  
Author(s):  
Bo Hu ◽  
Miaorong Fan ◽  
Feng Huang ◽  
Tingshao Zhu

Among the hundred schools of thought that flourished during the pre-Qin era, Confucianism and Legalism are the most important ones as their thoughts cast a longstanding influence on the Chinese culture—cultural-psychological formation of the Chinese people. Most of the previous researches focused on analyzing the similarities and differences of the thoughts of Confucianism and Legalism, and few of them analyzed their motivational tendencies. This paper conducted a word frequency analysis of pre-Qin Confucian and Legalist classics with CC-LIWC, an independently developed program for classical text analysis, and made comparative research into the motivational tendencies of the two schools of thought in terms of psycholinguistic differentials. According to our research results, the use of words representing power (M = 0.1377, SD = 0.0104, p = 0.014) and reward (M = 0.0151, SD = 0.0042, p = 0.037) is more frequent in Legalist classics than in Confucian classics, whereas the use of words representing affiliation (p = 0.066), risk (p = 0.086), and achieve (p = 0.27) shows no significant difference between Confucian and Legalist classics. This paper believes that both Confucianism and Legalism are mainly motivated by power, which is the most distinct feature of their motivational tendencies, and that Legalism is more motivated by power and reward than Confucianism; both Confucianism and Legalism are outcomes of the monarchy society with the former showing the reserved side of monarchy and the latter showing the uninhibited side of monarchy; an effective political methodology is absent in Confucianism, while utilitarianism constitutes the cornerstone of the political philosophy of Legalism.


2020 ◽  
Vol 61 (1) ◽  
pp. 55-61
Author(s):  
Eugen Wendler

Abstract Friedrich List (1789–1846) is one of the three leading economists who founded their own economic system. In short: Adam Smith (1723–1790) is regarded as the father of free trade and economic liberalism, Karl Marx (1818–1883) the father of central administration economy and socialism, and in the middle Friedrich List, a pioneer of the social market economy and infant industry policy. This article focuses the difficulties of the definition of List’s maxim “From prosperity to liberty” as well as his social conscience and the characteristics of the social market economy in the context of List’s approach and with his aspects of the Magical Hexagon of the social market economy. His main work “The national system of political economy” of 1841, which has been translated into many languages, became the first German classic in the field of economics in the first half of the 19th century.


Jean-Jacques Rousseau and Adam Smith are two of the foremost thinkers of the European Enlightenment, thinkers who made seminal contributions to moral and political philosophy and who shaped some of the key concepts of modern political economy. Among Smith’s first published works was a letter to the Edinburgh Review where he discusses Rousseau’s Discourse on the Origin of Inequality. Smith continued to engage with Rousseau’s work and to explore many shared themes such as sympathy, political economy, sentiment, and inequality. This collection brings together an international and interdisciplinary group of Adam Smith and Rousseau scholars to provide an exploration of the key shared concerns of these two great thinkers in politics, philosophy, economics, history, and literature.


Author(s):  
ALEXANDRA A. TROITSKAYA

The two main approaches to the use of the comparative method in legal research, functional and cultural, have some "predetermined" considerations regarding the results that will (or should) be discovered by comparing various legal phenomena — should the emphasis be on similarities or differences between these phenomena. These considerations are based on the vision of, respectively, the universal or pluralistic nature of law of various societies, and in fact they are able to correct substantially the process of cognition of legal phenomena using the comparative method, adjusting it to the desired result. In the case of similarities, we can talk about artificially narrowing the circle of countries under investigation. In the case of differences, the isolation of systems and the uniqueness of their cultural characteristics are unreasonably exaggerated. The alternative assumptions presented in the theory of comparative law regarding the existence of universal principles of law or the fundamental uniqueness of each legal system require a critical rethinking of constitutional provisions and practice in comparative studies. The use of the comparative method in constitutional law is not reducible to the implementation of the ideas of political philosophy, and objective conclusions should not be replaced by predetermined normative guidelines. The similarities and differences revealed by the researcher of constitutional ideas, norms and practices can be considered as a result of comparison of independent value.Constitutional law is associated with a variety of substantial constructs existing in the world, not excluding, however, their intercommunication. Understanding these constructions requires attention to both the similarities and the differences in specific legal orders (as well as the reasons for their functioning in this, and not another form). The use of the comparative method in the absence of striving for predetermined results is simultaneously aimed at understanding the laws of development of constitutional institutions and maintaining the horizon of their diversity as an important component of this development. Each time, the researcher should distance himself from his prejudices regarding the similarities or differences between the institutes under study, rechecking whether the obtained results are really the results of applying the comparative method, and not the initial constructions.The logic of a comparative study corresponds to the construction of theories of "middle level", aimed at forming the theoretical model of a particular legal in-stitution, taking into account the practice of implementing this institution in specific states. The focus on middle-level theories within the framework of the comparative method allows one to go beyond the description of single systems, formulate conclusions at the level of generalization that ensure the comparability of the studied objects, and at the same time maintain an understanding of the diversity of constitutional models.


2017 ◽  
Vol 20 (4) ◽  
pp. 712-721 ◽  
Author(s):  
IAN CUNNINGS

The primary aim of my target article was to demonstrate how careful consideration of the working memory operations that underlie successful language comprehension is crucial to our understanding of the similarities and differences between native (L1) and non-native (L2) sentence processing. My central claims were that highly proficient L2 speakers construct similarly specified syntactic parses as L1 speakers, and that differences between L1 and L2 processing can be characterised in terms of L2 speakers being more prone to interference during memory retrieval operations. In explaining L1/L2 differences in this way, I argued a primary source of differences between L1 and L2 processing lies in how different populations of speakers weight cues that guide memory retrieval.


Author(s):  
Zhao Meijuan ◽  
◽  
Ang Lay Hoon ◽  
Florence Toh Haw Ching ◽  
Sabariah Md Rashid ◽  
...  

Translated children’s works from English to Chinese have flooded China unprecedentedly since the end of the 19PthP century. However, there is a discrepancy in the translation of Chinese children’s works into the English language. This is maybe because western scholars are still largely ignoring Asian texts for young readers. Therefore, the research aims to fill the gap in the scholarship by studying the translated Bronze and Sunflower, which is a renowned work written by the Chinese first Hans Christian Anderson winner Cao Wenxuan, from the aspect of narrative space. A qualitative approach is adopted to compare the similarities and differences of narrative space between the source text and the target text. The samples will be taken from Cao Wenxuan’s Bronze and Sunflower and its English translation. The textual analysis is illuminated through the narratological framework, which is based on three-layered space: The topographic level, the chronotopic level and the textual level. The study explores how narrative space is constructed in the process of translating Bronze and Sunflower. It is hoped that the findings of the study will show how space is created in a different languagea, and that the translator prefers to change the narrative space rather than keeping the same spatial structure in the target text.


Author(s):  
I. Semenenko ◽  
G. Irishin

The economic crisis of 2008–2009 highlighted new problems in the development of the German social market economy model and brought to the forefront the factors of its resilience that have ensured Germany’s leadership positions in the EU. Changes in economic policy have affected in the first place the energy and the financial sectors. Shifts in the political landscape have led to the appearance of new political parties. These changes have affected the results of the 2013 elections, the liberal democrats failure to enter the Bundestag has made the winner – CDU – seek new coalition partners.


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