Foucault News

News and resources on French thinker Michel Foucault (1926-1984)

Vigo de Lima, I., Guizzo, D.
An Archaeology of Adam Smith’s Epistemic Context
(2015) Review of Political Economy, 21 p. Article in Press.

DOI: 10.1080/09538259.2015.1082819

Adam Smith played a key role in Foucault’s archaeology of political economy. This archaeology, which Foucault accomplished in The Order of Things, is the focus of this article. Foucault may have disagreed with the writings of the classical political economists but he widens our perspective through new possibilities of understanding. It is very illuminating to understand Smith’s thinking as following a discursive practice that economic thought shared with the knowledge of living beings (natural history) and language (grammar). Foucault’s archaeology highlights some ontological and epistemological conditions that shed light on some of the pillars of Smith’s thinking: the centrality of exchange, the division of labour and the labour theory of value. The proximity between Newton and Smith is also examined in ontological and epistemological terms which can be understood through an investigation of that interdiscursivity practice. Beyond testing Foucault’s considerations, our aim is to demonstrate their potential for the current scholarship of Smith’s works. Foucault’s archaeology of knowledge offers a range of elements that warrants greater analysis by historians of economic thought. © 2015 Taylor & Francis

Author Keywords
Adam Smith; archaeology; Foucault; interdiscursive practice; Newtonian method; ontological and epistemological conditions

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