Chapter

The Historical Spiral

Athol Fitzgibbons

in Adam Smith's System of Liberty, Wealth, and Virtue

Published in print November 1997 | ISBN: 9780198292883
Published online November 2003 | e-ISBN: 9780191596247 | DOI: http://dx.doi.org/10.1093/0198292880.003.0008
The Historical Spiral

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Discusses how Smith understood the moral foundations of political states, considers his theory that political power moved in a cycle, and discusses his theories of democracy, monarchy, and military power. It rejects the theory that Smith had an economic theory of history.

Keywords: democracy; economic stagnation; liberty; military power; monarchy; moral power; political cycle; social cohesion; state

Chapter.  3883 words.  Illustrated.

Subjects: History of Economic Thought

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