Book contents
- Frontmatter
- Introduction: The Coherence of Smith’s Thought
- 1 Imagination: Morals, Science, and Arts
- 2 Adam Smith, Belletrist
- 3 Adam Smith’s Theory of Language
- 4 Smith and Science
- 5 Smith on Ingenuity, Pleasure, and the Imitative Arts
- 6 Sympathy and the Impartial Spectator
- 7 Virtues, Utility, and Rules
- 8 Adam Smith on Justice, Rights, and Law
- 9 Self-Interest and Other Interests
- 10 Adam Smith and History
- 11 Adam Smith’s Politics
- 12 Adam Smith’s Economics
- 13 The Legacy of Adam Smith
- Bibliography
- Index
9 - Self-Interest and Other Interests
Published online by Cambridge University Press: 28 August 2006
- Frontmatter
- Introduction: The Coherence of Smith’s Thought
- 1 Imagination: Morals, Science, and Arts
- 2 Adam Smith, Belletrist
- 3 Adam Smith’s Theory of Language
- 4 Smith and Science
- 5 Smith on Ingenuity, Pleasure, and the Imitative Arts
- 6 Sympathy and the Impartial Spectator
- 7 Virtues, Utility, and Rules
- 8 Adam Smith on Justice, Rights, and Law
- 9 Self-Interest and Other Interests
- 10 Adam Smith and History
- 11 Adam Smith’s Politics
- 12 Adam Smith’s Economics
- 13 The Legacy of Adam Smith
- Bibliography
- Index
Summary
Any discussion of Adam Smith's conception of self-interest labors under the shadow of Smith's encrusted reputation, summarized in George Stigler's claim that “The Wealth of Nations is a stupendous palace erected upon the granite of self interest.” Many puzzles of Smith interpretation, including the so-called “Adam Smith Problem” take this claim as a starting axiom. The Adam Smith Problem referred to the alleged inconsistency between The Wealth of Nations, which seemed to be premised on the claim that every individual was essentially self-interested, and The Theory of Moral Sentiments, which was based on a psychological principle of sympathy. This charge of inconsistency rests on a gross misunderstanding. Sympathy, for Smith, was not a principle of benevolence. It was rather a mechanism for moral judgment that allowed the agent to judge the appropriateness of all behavior. Within the judgments generated by the impartial spectator, there would be room for the proper pursuit of self-interest.
- Type
- Chapter
- Information
- The Cambridge Companion to Adam Smith , pp. 246 - 269Publisher: Cambridge University PressPrint publication year: 2006
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