Audrey Roney
Smith and Schumpeter
March 3rd, 2017
A) Historical context of writing/motivations
1) Smith
• (1723-1790) (Doyle 1997: 231)
• Mastered theology, ethics and jurisprudence. (Doyle 1997: 232)
2) Schumpeter
• (1883-1950)
• modernized and more complete version of the smithies tradition. (Doyle 1997: 242)
• “The Sociology of Imperialisms” (Doyle 1997: 243)
• First his career was made in an entrepreneur, then as a scholar in the US. (Doyle 1997:
243)
B) Main points, observations, arguments, logic, and assumptions
1) Smith
a) Human nature
i) Sympathy
• Capacity to imagine oneself in another’s place and to perceive one’s own
actions from the viewpoint of an “impartial spectator.” (Doyle 1997: 232)
ii) Self-interest: role and results
