It is well known that Hegel’s earliest explicit mention of Adam Smith is to be found in the first set of the Jenaer Systementwurfe, a text previously known under J. Hoffmeister’s title Jenenser Realphilosophie I. In this text, Hegel sums up the example by which Smith illustrates the division of labor: the manufacturing of pins. In a marginal note to this exposition, the name “Smith” appears with a page reference. It is quite significant that his first reference to Smith is (...) not to some marginal or merely historical point of Smith’s analysis, but to the crucial treatment of the division of labor, upon which, as a modern commentator put it, “the discipline of economics was nurtured.” Other indications of the importance which Hegel ascribed to Smith’s treatment are. (shrink)

Inventing the Market explores two paradigms of the market in the thought of Adam Smith and G.W.F. Hegel, bridging the gap between economics and philosophy, it shows that both disciplines can profit from a broader, more historically situated ...