[This is a guest-post by Barry Stocker; check out his blog.--ES]
Recent comments by Eric and John on Foucault’s reading of Adam Smith have made me think about one aspect of Smith’s argument about domestic industry in Wealth of Nations IV.ii; and about the phenomenological aspect of Foucault’s thought.
Smith begins by arguing that ‘domestick industry’ benefits from the ‘invisible hand’, so that the individual with capital directs it to the use of domestic industry rather than foreign industry, for reasons of self interest rather than public good. It is only that this individual does not only think of the ‘revenue of society’, not that he is completely unaware of it. Foucault’s reading is typically schematic in seeing this passage as being about the complete invisibility of the public good. That schematism is part of Foucault’s creativity, but we should always be particularly careful about distinguishing between the sources Foucault uses and the way he uses them in service of developing a schema. Getting back to Smith, he moves onto the argument that free trade is better for a society than protectionism, that is that the revenue of a society benefits more from trade with other countries than the situation in which the stare creates impediments to that trade. This is a shift away from the initial point, and consciously or not, Smith is using a rhetorical strategy to move the hypothetical reader, who prefers state direction of the economy, to first accept free trade within a national economy, and then international free trade.
Returning to the invisibility of the hand, this is fascinating for Foucault, I suggest, because of an underlying familiarity with phenomenology, which clearly takes a lot from Merleau-Ponty as well as Heidegger though Foucault never chooses to to refer to Merleau-Ponty in his publications or lectures. A peculiar situation made even more peculiar when we remember that Merleau-Ponty was one of Foucault’s undergraduate teachers. However, the text by Merleau-Ponty that is key here is The Visible and the Invisible, sadly left unfinished on Merleau-Ponty’s death.
Continue reading "Adam Smith in The Birth of Biopolitics, reconsidered." »
Recent Comments