Adam Smith’s visible hand

26 May, 2015 at 08:55 | Posted in Economics | 1 Comment

thmorsentHow selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it. Of this kind is pity or compassion, the emotion which we feel for the misery of others, when we either see it, or are made to conceive it in a very lively manner. That we often derive sorrow from the sorrow of others, is a matter of fact too obvious to require any instances to prove it; for this sentiment, like all the other original passions of human nature, is by no means confined to the virtuous and humane, though they perhaps may feel it with the most exquisite sensibility. The greatest ruffian, the most hardened violator of the laws of society, is not altogether without it.

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  1. Could an economist actually succeed in understanding what Smith actually wrote? Could the two centuries of slander regarding the Scottish Enlightenment finally be lifted? Lars Syll gives one hope, but I’m still doubtful.


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