David Hume and His Reflections on the Economy
Intercultural communication
Philosophy of culture
David Hume and his reflections on the economy
Introduction
In this essay I will analyze philosophical and psychological approach to the economic issues by David Hume, which have played a significant influence on the formation of classical economics, and especially on the work of another great philosopher Adam Smith.
David Hume, the Scottish Enlightenment leading representative and one of the most important figures in the history of Western philosophy is known mainly as a philosopher. Hume's interest in economic issues include a broad range of topics and is often associated with his philosophy, especially the philosophy of politics. In my considerations I will focus mainly on Hume`s approach on the psychological factors present in the phenomena and processes of economic.
Hume is probably more widely recognized for his direct contributions to economics, in a series of essays from 1752 which are cited as the inspiration for modern theories in the areas of money, international trade and growth. Thus for example Friedman (1975) discusses modern monetarism in terms of a ‘rediscovery’ of ideas stemming from Hume. Frenkel and Johnson (1976) repeatedly cite his theory of money and trade as an original expression of a key element of global monetarism. Rostow (1990) considers Hume as the first in the development of modern theories of economic growth, through free trade and the money flows.
Background
David Hume was known to his contemporaries above all of his essays and the six-volume History of England. These works, rather than philosophical, made him the author of the widely read. When in 1748 he published research on the human mind, on the cover was not even the names of “Hume”, but there was written: "by Essays moral and political". When in 1748 there were 12 new essays titled “Political Discourses”, mainly devoted to the political and economic issues, they were so successful that by the end of
Philosophy of culture
David Hume and his reflections on the economy
Introduction
In this essay I will analyze philosophical and psychological approach to the economic issues by David Hume, which have played a significant influence on the formation of classical economics, and especially on the work of another great philosopher Adam Smith.
David Hume, the Scottish Enlightenment leading representative and one of the most important figures in the history of Western philosophy is known mainly as a philosopher. Hume's interest in economic issues include a broad range of topics and is often associated with his philosophy, especially the philosophy of politics. In my considerations I will focus mainly on Hume`s approach on the psychological factors present in the phenomena and processes of economic.
Hume is probably more widely recognized for his direct contributions to economics, in a series of essays from 1752 which are cited as the inspiration for modern theories in the areas of money, international trade and growth. Thus for example Friedman (1975) discusses modern monetarism in terms of a ‘rediscovery’ of ideas stemming from Hume. Frenkel and Johnson (1976) repeatedly cite his theory of money and trade as an original expression of a key element of global monetarism. Rostow (1990) considers Hume as the first in the development of modern theories of economic growth, through free trade and the money flows.
Background
David Hume was known to his contemporaries above all of his essays and the six-volume History of England. These works, rather than philosophical, made him the author of the widely read. When in 1748 he published research on the human mind, on the cover was not even the names of “Hume”, but there was written: "by Essays moral and political". When in 1748 there were 12 new essays titled “Political Discourses”, mainly devoted to the political and economic issues, they were so successful that by the end of