THE RELEVANCE OF PROPRIETY AND SELF-COMMAND IN ADAM SMITH’S THEORY OF MORAL SENTIMENTS

2020 ◽  
Vol 37 (1) ◽  
pp. 118-137
Author(s):  
Leonidas Montes
Keyword(s):  
Political Economy ◽  
Adam Smith ◽  
Moral Sentiments ◽  
Personal Liberty ◽  
Theory Of Moral Sentiments

AbstractPropriety and self-command are distinctive and complex Smithian concepts. This essay attempts to shed more light on the meaning and significance of propriety and the virtue of self-command. After a brief introduction on the recent reappraisal of The Theory of Moral Sentiments (TMS), a short analysis of Smith’s crucial idea of sympathy follows. Then the relevance of propriety is discussed and some connections between propriety and the virtue of self-command are explored. Finally, the importance of Smith’s self-command is reassessed, paying attention to its origins and philosophical implications. It is noteworthy that, through self-command and propriety, TMS stresses the role of intentions and motivations. By doing so, Adam Smith opens up new threads to rethink personal liberty and its ethical importance for political economy.

scholarly journals What’s the problem, Mr. Smith? Shedding more light (than Heat) on Adam Smith’s view of man *

2018 ◽  
Vol 27 (1) ◽  
pp. 1-28
Author(s):  
Emmanoel de Oliveira Boff
Keyword(s):  
Adam Smith ◽  
Economic Thought ◽  
Human Beings ◽  
Moral Sentiments ◽  
Impartial Spectator ◽  
Self Interest ◽  
Cast Doubt ◽  
Wealth Of Nations ◽  
Theory Of Moral Sentiments

Abstract Why has the “Adam Smith Problem” recently been discussed in the literature? Although most historians of economic thought regard the problem solved, these discussions cast doubt on this apparent solution. This article suggests that the “Adam Smith Problem” may originate from the concept of the human being developed by Smith in the “Theory of Moral Sentiments”: in this book, human beings can be understood as composed of an empirical and a (quasi) transcendental side, in the form of the impartial spectator. It is argued that it is the tension between these two parts which creates supposed inconsistencies between aspects of the “Theory of Moral Sentiments” and the “Wealth of Nations” like, for example, the role of sympathy and self-interest in each of these books.

scholarly journals Adam Smith on governance and regulation. An account of his lectures on jurisprudence

2016 ◽  
Vol 5 (4) ◽  
pp. 90-98
Author(s):  
Pilar Piqué
Keyword(s):  
Political Economy ◽  
Division Of Labor ◽  
Moral Philosophy ◽  
Adam Smith ◽  
Moral Sentiments ◽  
The Creation ◽  
Wealth Of Nations ◽  
Theory Of Moral Sentiments

The present study analyzes a little explored work of Adam Smith: his Lectures on Jurisprudence, understanding it as a "bridge" between his Moral Philosophy and his Political Economy. We show that Smith states in Theory of Moral Sentiments some tensions facing the sympathy once the bonds of affection between members of the same society began to reveal weak. This lead Smith into the study of Jurisprudence, the study of a society of strangers that need a common identification under a State that imposes rules of justice unveiled by science. In his Lectures on Jurisprudence, Smith finds that the division of labor was the result and the ultimate expression of opulence and freedom of humanity. These conduct him to answer why does the division of labor contribute to opulence and why does the division of labor brings about man’s freedom and these two questions ended in the creation of The Wealth of Nations.

Comparative Political Economy

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Political Institutions ◽  
International Political Economy ◽  
Adam Smith ◽  
Industrial Relations ◽  
Welfare States ◽  
Comparative Political Economy ◽  
Technological Parameters ◽  
Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

scholarly journals Was Adam Smith an evolutionary economist?: Smith’s study of botany and Charles Darwin’s theory of morality

2021 ◽  
Author(s):  
Tetsuo Taka
Keyword(s):  
Human Nature ◽  
Nutritional Value ◽  
Adam Smith ◽  
Value Theory ◽  
Experiential Knowledge ◽  
Moral Sentiments ◽  
Darwinian Theory ◽  
Wealth Of Nations ◽  
Theory Of Moral Sentiments

AbstractThis paper aims to extend and provide a new understanding of Adam Smith’s thoughts by focusing on some revisions in the 4th edition of The Theory of Moral Sentiments (Smith 1774), “the nutritional value theory of corn” in the Wealth of Nations, and then comparing Smith’s discourses on the formation of morality with C. Darwin’s. Smith’s understanding of human nature extended and deepened with the study of botany and other sciences at Kirkcaldy after spending 2 years in France as Duke Buccleugh’s tutor. He began to understand human nature not only as a composite of self-love and benevolence, but also of instinctual and experiential knowledge. Thus, Smith’s system transitioned to an evolutionary one, and he became an unconscious forerunner of the Darwinian theory of morality formation.

scholarly journals A Few Remarks on Adam Smith’s Dissertation (1761)

1977 ◽  
Vol 4 (1) ◽  
pp. 59-67 ◽  
Author(s):  
Jan Noordegraaf
Keyword(s):  
Adam Smith ◽  
French Translation ◽  
Moral Sentiments ◽  
The Third ◽  
History Of Linguistics ◽  
History Of ◽  
Theory Of Moral Sentiments

Summary In 1761 Adam Smith (1723–90) published his Dissertation on the Origin of Languages. Erroneously scholars have thought that this essay appeared as a supplement to the second edition of Smith’s book The Theory of Moral Sentiments of the same year; in fact it was only added to the third edition of that work (1767). Against Coseriu’s opinion that Adam Smith must be considered as a pioneer of the typology of language, one can put forward that Smith’s ideas on the typology of language are very similar to those of the French Abbé Gabriel Girard (1677–1748), whose influence is admitted by Smith himself. On another point, it turns out that before 1809, the year in which J. Manget published a French translation of Smith’s Dissertation, already three other translations into French of the same work had appeared. First-hand inspection of texts appears desirable in the writing of the history of linguistics.

The Proper Context of Business

2019 ◽  
pp. 31-66
Author(s):  
James R. Otteson
Keyword(s):  
Political Economy ◽  
Empirical Evidence ◽  
Local Knowledge ◽  
Adam Smith ◽  
Social Institutions ◽  
Invisible Hand ◽  
Moral Sentiments ◽  
Wealth Of Nations ◽  
Political Economic ◽  
Proper Context

Chapter 2 investigates the explanation Adam Smith gave in his famous Wealth of Nations (1776) for why some places are wealthier than others, and what political, economic, and other social institutions are required for increasing prosperity. The chapter discusses the conception of “justice,” as opposed to “beneficence,” that Smith offered The Theory of Moral Sentiments (1759), as well as Smith’s economizer, local knowledge, and invisible hand arguments from his Wealth of Nations that form the basis of his political economy. We look at the duties of government implied by Smithian political economy, including both what he argues government should do and what it should not do. We also look at empirical evidence to answer the question of whether Smith’s predictions on behalf of his recommendations have come true in the intervening centuries.

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