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The contribution of the Physiocratic School and the Italian School (Milan and Naples) is analysed. This is followed by a thorough investigation of Smithian's theoretical system, at both the philosophical level and the economic one. The Smithian orthodoxy is compared to the utilitarianism of Jeremy Bentham.
Keywords: accumulation of capital; civil economy; division of labour; invisible hand; labour commanded; Say's law; tableau économique; utilitarianism
Chapter. 14324 words. Illustrated.
Subjects: History of Economic Thought
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