scholarly journals Adam Smith and the contemporary world

2010 ◽  
Vol 3 (1) ◽  
pp. 50 ◽  
Author(s):  
Amartya Sen

This paper argues that many of Adam Smith's insights, particularly those in his Theory of moral sentiments, have a relevance to contemporary thought about economics and ethics that is currently underappreciated. In economics, for example, Smith was concerned not only with the sufficiency of self-interest at the moment of exchange but also with the wider moral motivations and institutions required to support economic activity in general. In ethics, Smith's concept of an impartial spectator who is able to view our situation from a critical distance has much to contribute to a fuller understanding of the requirements of justice, particularly through an understanding of impartiality as going beyond the interests and concerns of a local contracting group. Smith's open, realization-focussed and comparative approach to evaluation contrasts with what I call the "transcendental institutionalism" popular in contemporary political philosophy and associated particularly with the work of John Rawls.

2018 ◽  
Vol 27 (1) ◽  
pp. 1-28
Author(s):  
Emmanoel de Oliveira Boff

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.


Author(s):  
Fernando Aranda Fraga ◽  

Starting in a paper where he defines his constructivist notion of morality (1980), Rawls begins - at least explicitly - to grow apart from Kant, one of his major mentors up to the moment, especially regarding that first original support given in A Theory of Justice. At the same time, he reveals himself as sympathizing with the political philosophy of John Dewey. In order to accomplish this microproject where he makes explicit the changes affecting his theory, he resorts to a reasoning based on the supposedly variants that, according to Rawls, are present in constructivism. Out of this new version of moral constructivism, he begins drifting apart from the rigorous Kantianism the first community voices had began to criticize in him in the 70’s.


1997 ◽  
Vol 13 (2) ◽  
pp. 241-259 ◽  
Author(s):  
Amos Witztum

In spite of the numerous occasions on which Adam Smith expresses his reservations regarding the morality of commercial societies, there seems to be an agreement that he believed such systems to be fundamentally just. To some, this is so because they attribute to Smith a concept of justice which is narrowly confined to the ‘right to have [one's] body free from injury, and [one's] liberty free from infringement’ (Lectures on Jurisprudence, p. 401). In a world where people have an interest in the fortune of others regardless of how selfish their motives for action might be, injuring someone else's body or restricting someone else's liberty is unlikely to be the behavioural norm.To others, natural liberty in the sphere of economic activity is just not only because individuals behind the system naturally comply with justice in its commutative sense, but also because the system itself generates justice in the distributive sense. Such arguments are based on either the working of the invisible hand — which produces the ‘same distribution of the necessities of life, which would have been made, had the earth been divided into equal portions among all its inhabitants …’ (TMS, p. 185) — or on the approval of the ‘impartial spectator’ of the distribution which is associated with the natural price (Young, 1986).


2017 ◽  
Vol 9 (Special Issue) ◽  
pp. 29-37
Author(s):  
Agnieszka Czarnecka

I argue that the construction of the social order, as shown by Adam Smith in The Theory of Moral Sentiments, depends on people’s ability to tame their inborn egoism. According to the philosopher’s anthropological assumptions a human being learns through life experiences how to control his self- interest so that it does not threaten societal existence. During socialization, a human being – still an egoist to some extent – continues role-playing by the use of the psychological mechanisms of empathy and imagination. As a result he develops sympathy, at first, as a reaction to real people’s emotions experienced in a particular context. Finally, he naturally and more and more unconsciously takes under consideration the perspective of an impartial spectator. The gradually developing process brings about consequences that improve social morality, such as control over the expression of intense emotions, which is a condition for experiencing emotional harmony, or a refrain from pursuing one’s self-interest at the expense of someone else, so as not to become a subject of social contempt. One should also bear in mind that none of these consequences was carefully planned in advance nor purposefully executed.


2019 ◽  
pp. 158-169
Author(s):  
Roger Crisp

This chapter discusses the views on self-interest and morality of the Scottish Enlightenment philosopher Adam Smith (1723–90). Smith’s theory of sympathy is explained. The notion of the impartial spectator is discussed, in connection with both propriety and utility, and it is shown how the view of the spectator itself incorporates certain aspects of the human point of view. Smith is claimed to be a deontologist, at least concerning human ethics. His version of the dualism of practical reason is outlined, and the difficulties of combining a utilitarian conception of God with the notion of divine retribution are noted.


Author(s):  
Christopher J. Berry

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.


Jean-Jacques Rousseau and Adam Smith are two of the foremost thinkers of the European Enlightenment, thinkers who made seminal contributions to moral and political philosophy and who shaped some of the key concepts of modern political economy. Among Smith’s first published works was a letter to the Edinburgh Review where he discusses Rousseau’s Discourse on the Origin of Inequality. Smith continued to engage with Rousseau’s work and to explore many shared themes such as sympathy, political economy, sentiment, and inequality. This collection brings together an international and interdisciplinary group of Adam Smith and Rousseau scholars to provide an exploration of the key shared concerns of these two great thinkers in politics, philosophy, economics, history, and literature.


2019 ◽  
Vol 1 ◽  
pp. 1-21
Author(s):  
Xavier Scott

This paper examines the transition in political philosophy between the medieval and early-modern periods by focusing on the emergence of sovereignty doctrine. Scholars such as Charles Taylor and John Rawls have focused on the ability of modern-states to overcome conflicts between different religious confessionals. In contrast, this paper seeks to examine some of the peace-promoting features of Latin-Christendom and some of the conflict-promoting features of modern-secular states. The Christian universalism of the medieval period is contrasted with the colonial ventures promoted by the Peace of Westphalia. This paper’s goal is not to argue that secularism is in fact more violent than religion. Rather, it seeks to demonstrate the major role that religion played in early modern philosophy and the development of sovereignty doctrine. It argues against the view that the modern, secular state is capable of neutrality vis-à-vis religion, and also combats the view that the secular nature of modern international law means that it is neutral to the different beliefs and values of the world’s peoples. These observations emphasize the ways in which state power and legitimacy are at the heart of the secular turn in political philosophy. 


Author(s):  
Amartya Sen

Our reasoned sense of obligations to others can arise from at least three possible sources: cooperation, having caused harm, and effective power to improve suffering. The last source, this chapter argues, is particularly important in considering our obligations to future generations. It draws on a line of reasoning that takes us well beyond contractarian motivations to the idea of the “impartial spectator” as developed by Adam Smith. The interests of future generations come into the story because they are important in our attempt to be impartial spectators. The obligation of power contrasts with the mutual obligations for cooperation at the basic plane of motivational justification. In the context of climate concerns and intergenerational justice, this asymmetry-embracing approach seems to allow an easier entry for understanding our obligations.


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