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.

Adam Smith’s Lectures on Jurisprudence – Justice, Law, and the Moral Economy

ICL Journal ◽  
2014 ◽  
Vol 8 (4) ◽  
Author(s):  
Walter J Kendall
Keyword(s):  
Adam Smith ◽  
Moral Economy ◽  
Economic Expansion ◽  
Moral Sentiments ◽  
Self Interest ◽  
Wealth Of Nations ◽  
Legal Theorist ◽  
Theory Of Moral Sentiments

AbstractAdam Smith, a leading thinker of the British Enlightenment, is universally known as the author of the ‘Wealth of Nations’ and an economic theorist. He is less well known as the author of ‘The Theory of Moral Sentiments’ and an ethicist. And known almost not at all for his ‘Lectures on Jurisprudence’ or as a legal theorist.This essay looks at Smith’s thought through the lens of his Lectures on Jurisprudence. It highlights the almost paradoxical positions Smith had on self-interest, markets, govern­ment, and economic expansion. Obscured by his reputation and these paradoxes are his views on justice, equality, and power. This essay concludes that Smith’s ‘justice’ is deficient and no substitute for the ‘bread nexus’ of the moral economy.

The Logic of Electoral Preference: Response to Saraydar and Hudelson

1987 ◽  
Vol 3 (1) ◽  
pp. 131-138 ◽  
Author(s):  
Geoffrey Brennan ◽  
Loren E. Lomasky
Keyword(s):  
Moral Psychology ◽  
Adam Smith ◽  
Electoral Behavior ◽  
Standard Theory ◽  
Moral Sentiments ◽  
Impartial Spectator ◽  
Motivational Structure ◽  
Wealth Of Nations ◽  
Theory Of Moral Sentiments

How may we best understand the motivational structure that stands behind individuals' acts of voting? In “The Impartial Spectator Goes to Washington” we suggested that expressive concerns swamp narrowly consequential motivations, in contradistinction to normal market transactions in which the priority is reversed. A striking consequence of this fact is that individuals will be led to vote for outcomes that they would reject were they in a position to act decisively. In this regard we found the moral psychology Adam Smith develops in The Theory of Moral Sentiments (TMS) (and, to a lesser extent, in The Wealth of Nations) remarkably fecund in suggesting alternatives to what we call the standard theory of electoral behavior.

3. Sympathetic spectators

2018 ◽  
pp. 28-45
Author(s):  
Christopher J. Berry
Keyword(s):  
Moral Judgment ◽  
Moral Philosophy ◽  
David Hume ◽  
Adam Smith ◽  
Moral Sense ◽  
Moral Sentiments ◽  
Impartial Spectator ◽  
Francis Hutcheson ◽  
Self Interest ◽  
Theory Of Moral Sentiments

Adam Smith published The Theory of Moral Sentiments in 1759. What the book sets out to do is investigate or analyse how, in practice, judgments and decisions about what is right or wrong are made. ‘Sympathetic spectators’ first discusses empiricism, a particular tradition of moral philosophy that was especially strong in Scotland. It goes on to consider the views of Francis Hutcheson and David Hume on moral sense and sympathy. It then examines Smith’s thoughts on sociality, morality, negotiated discord, self-interest, the impartial spectator and conscience (an internalized standard or benchmark of what is right or wrong), relativism, and moral judgment.

Das Adam Smith Problem: Its Origins, the Stages of the Current Debate, and One Implication for Our Understanding of Sympathy

2003 ◽  
Vol 25 (1) ◽  
pp. 63-90 ◽  
Author(s):  
Leonidas Montes
Keyword(s):  
Adam Smith ◽  
Current Debate ◽  
Moral Sentiments ◽  
Incomplete System ◽  
Self Interest ◽  
Wealth Of Nations ◽  
Theory Of Moral Sentiments

Scholars have long been interested in the apparent dichotomy between sympathy and self-interest in Smith. The question of the consistency between The Theory of Moral Sentiments (TMS) and An Inquiry into the Nature and Causes of the Wealth of Nations (WN)—the famous Das Adam Smith Problem—is definitely still relevant for anyone attracted to Smith scholarship. Although there is some agreement that the two works are consistent and, furthermore, parts of an incomplete system, it seems that the Problem continues to attract interest, not only for its historical and philosophical appeal, but also perhaps for its implications for the current economics-and-ethics debate.

scholarly journals HOW SHOULD WE RECONCILE SELF-REGARDING AND PRO-SOCIAL MOTIVATIONS? A RENAISSANCE OF “DAS ADAM SMITH PROBLEM”

2020 ◽  
Vol 37 (1) ◽  
pp. 80-102
Author(s):  
Natalie Gold
Keyword(s):  
Adam Smith ◽  
Crowding Out ◽  
Private Interests ◽  
Self Interest ◽  
Intrinsic Motivations ◽  
Social Motivations ◽  
Motivation Crowding ◽  
Wealth Of Nations ◽  
Selfish Agents

Abstract“Das Adam Smith Problem” is the name given by eighteenth-century German scholars to the question of how to reconcile the role of self-interest in the Wealth of Nations with Smith’s advocacy of sympathy in Theory of Moral Sentiments. As the discipline of economics developed, it focused on the interaction of selfish agents, pursuing their private interests. However, behavioral economists have rediscovered the existence and importance of multiple motivations, and a new Das Adam Smith Problem has arisen, of how to accommodate self-regarding and pro-social motivations in a single system. This question is particularly important because of evidence of motivation crowding, where paying people can backfire, with payments achieving the opposite effects of those intended. Psychologists have proposed a mechanism for the crowding out of “intrinsic motivations” for doing a task, when payment is used to incentivize effort. However, they argue that pro-social motivations are different from these intrinsic motivations, implying that crowding out of pro-social motivations requires a different mechanism. In this essay I present an answer to the new Das Adam Smith problem, proposing a mechanism that can underpin the crowding out of both pro-social and intrinsic motivations, whereby motivations are prompted by frames and motivation crowding is underpinned by the crowding out of frames. I explore some of the implications of this mechanism for research and policy.

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.

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