[Marxism] Adam Smith and Communism

Shane Mage shmage at pipeline.com
Tue Sep 22 10:40:01 MDT 2009

On Sep 22, 2009, at 12:16 PM, Dogan Gocmen wrote:

> Jim,
> that Smith employs and in fact justifies the notion of communism may  
> be seen
> in his Theory of Moral Sentiments (TMS) as well in his approch to the
> division of labour.

Communism is implicit in Smith's conception of the "stationary state"  
as the desirable end term of economic evolution, because capitalism is  
simply incapable of functioning without economic growth (ie., net  
investment in new productive capacity).  It is virtually explicit in  
his recognition that capitalist combination subverts the free market  
competition on which, in his view, social welfare depends.  A view  
shared by such free-market economists as J.S. Mill,  F.vonWeiser, and  
A. Marshall.

> First TMS. In TMS Smith offers a theory of morality,
> which is formulated in a direct opposition to utilitarian appraoch...

Shane Mage

> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
> Herakleitos of Ephesos

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