Political Theory 36 (2):185-212 (2008)

Abstract
The interpretive strategy of this article is to identify the joint stock company as an independent unit of analysis in Adam Smith's theory of international political economy. Such companies, in Smith's view, had corrupted and captured many European and non-European governments and undermined their societies' ability to engage in peaceful transnational affairs and equitable self-rule. In contrast with Smith's well-known concerns about the rise of commerce in modern Europe in his four-stage account of social development-- which were outweighed, in his view, by the many material benefits and personal liberties brought about by the eclipse of feudalism--his narrative of globalization offers a trenchantly critical appraisal of commercial practices that ultimately undermine many of the gains that the initial rise of modern commerce once made possible. Even in his rare moments of optimism about the future of global relations, Smith remained deeply ambivalent about globalization.
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DOI 10.1177/0090591707312430
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References found in this work BETA

Sympathy in Space.Fonna Forman-Barzilai - 2005 - Political Theory 33 (2):189-217.
Adam Smith as Globalization Theorist.Fonna Forman‐Barzilai - 2000 - Critical Review: A Journal of Politics and Society 14 (4):391-419.

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Citations of this work BETA

István Hont and Political Theory.Paul Sagar - 2018 - European Journal of Political Theory 17 (4):476-500.
Adam Smith on Markets and Justice.Lisa Herzog - 2014 - Philosophy Compass 9 (12):864-875.
Adam Smith and Colonialism.David Williams - 2014 - Journal of International Political Theory 10 (3):283-301.

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