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Impartial Spectating and the Price Analogy

Author

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  • Douglas J. Den Uyl

Abstract

In this discussion of Adam Smith’s impartial spectator I draw an analogy between the impartial spectator and prices. In both cases we have a socially rooted yet generally impersonal phenomenon. The price analogy also helps in realizing that ‘impartial spectating’ may be a term that has multiple dimensions. I argue that one dimension in particular is at the heart of the meaning of the impartial spectator.

Suggested Citation

  • Douglas J. Den Uyl, 2016. "Impartial Spectating and the Price Analogy," Econ Journal Watch, Econ Journal Watch, vol. 13(2), pages 264–272-2, May.
    • Handle: RePEc:ejw:journl:v:13:y:2016:i:2:p:264-272
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    Cited by:

    1. Elazar, Yiftah, 2022. "Adam Smith and the Wealth-Worshipping Spectator," OSF Preprints j5pt6, Center for Open Science.

    More about this item

    Keywords

    Adam Smith; Theory of Moral Sentiments; impartial spectator; philosophy;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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