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Confucianism, Commerce, Capitalism

In: Culture and Dialogue
Author:
Henrique Schneider Professor of economics, Nordakademie, University of Applied Sciences Elmshorn and Hamburg Germany

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Online Publication Date:
29 Oct 2020
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Abstract

This paper discusses commerce in Early Confucianism. It argues that the virtuous Confucian agent engages with the world in different ways, including in commerce – it is another way of acting with virtue. This conception is compared with two roughly contemporary approaches in economics, the thought of Wilhelm Röpke and the Humanomics project by Vernon Smith. In both, virtue is constitutive to commerce. However, they differ substantially in the exact relationship between virtue and commerce. While in Early Confucianism commerce is a way for the agent to unfold and cultivate virtues, in Röpke, virtues are a corrective to the utilitarianism in commerce. In Humanomics, agents engaging in commercial relations find shared virtues.

Title:
Confucianism, Commerce, Capitalism
Article Type:
Research Article
DOI:
https://doi.org/10.1163/24683949-12340088
Language:
English
Pages:
295–322
Keywords:
Confucius; Mencius; Xunzi; commerce; capitalism; Wilhelm Röpke; Adam Smith; Vernon Smith; Humanomics
In:
Culture and Dialogue
In:
Volume 8: Issue 2
Publisher:
Brill
E-ISSN:
2468-3949
Print ISSN:
2222-3282
Subjects:
Aesthetics & Cultural Theory, Philosophy

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