The Theory of Moral SentimentsThe Theory of Moral Sentiments written by Adam Smith in 1759, is one of the most important works in the theory of capitalism. It provides the ethical, philosophical, psychological and methodological underpinnings to Smith's later works including The Wealth of Nations (1776), A Treatise on Public Opulence (1764) (first published in 1937), Essays on Philosophical Subjects (1795), and Lectures on Justice, Police, Revenue, and Arms (1763) (first published in 1896). Broadly speaking, Smith followed his mentor, Francis Hutcheson's (University of Glasgow), division of moral philosophy into four parts: Ethics and Virtue; Private rights and Natural liberty; Familial rights (called Oeconomicks); and State and Individual rights (called Politicks). More specificly he divided moral systems into:\n:Categories of the nature of morality\n::These include Propriety, Prudence, Benevolence, and Licentiousness.\n:Categories of the motive of morality\n::These include Self-love, Reason, and Sentiment.\nHutcheson had abandoned the latter, the psychological view of moral philosophy claiming that motives were too fickle to be used as a basis for a philosophical system. Instead he hypothesised a dedicated "sixth sense" to explain morality. This idea, to be taken up by Hume (see Hume's Treatise 1740), claimed that man is pleased by utility. Smith rejected his teachers reliance on this special sense. Starting in about 1741 Smith set on the task of using Hume's experimental method (appealing to human experience) to replace the specific moral sense with a pluralistic approach to morality based on a multitude of psychological motives. The Theory of Moral Sentiments begins with the following assertion:
See also\n* list of economics topics\n* list of philosophy topicsReferences\n* Bonar, J. (1926) The Theory of Moral Sentiments by Adam Smith, Journal of Philosophical Studies, vol. 1, 1926, pp. 333-353.\n* Morrow, G. R. (1923) The Ethical and Economic Theories of Adam Smith: A study in the social philosophy of the 18th century, Cornell Studies in Philosophy, no. 13, 1923, pp 91-107\n* Morrow, G. R. (1923) The Significance of the Doctrine of Sympathy in Hume and Adam Smith, Philosophical Review, vol. XXXII, 1923, pp 60-78.\n* Schneider, H.W. editor (1948) Adam Smith's Moral and Political Philosophy, Harper Torchbook edition 1970, New York. |
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