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Adam Smith and Moral Knowledge

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  • Konow, James

Abstract

This paper examines the contribution of The Theory of Moral Sentiments to the study of how we acquire moral knowledge. In Smith, this is associated with the moral judgment of an impartial spectator, a hypothetical ideal conjured in the imagination of an agent. This imagined spectator has the properties of impartiality, information and sympathy. I argue Smith develops this construct in the context of personal ethics, i.e., as a guide to moral conduct in personal relationships. There are limitations, however, to this model for personal ethics, as acknowledged by Smith himself and suggested by subsequent social science findings. Moreover, this model does not necessarily extend to social ethics, i.e., to moral judgment in less personal economic and social interactions, such as firms, industries and governments. Hence, I propose modifying the spectator model in light of modern social science methods and of Smith’s own insights to address its limitations for personal ethics and to provide it with a foundation for social ethics. The proposed approach is based on a quasi-spectator, i.e., the empirical analysis of the moral views of real spectators whose properties approximate those of the ideal spectator. A review of quasi-spectator studies suggests this as a promising method for informing both descriptive and prescriptive ethics.

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  • Konow, James, 2009. "Adam Smith and Moral Knowledge," MPRA Paper 18557, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18557
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    References listed on IDEAS

    as
    1. Konow, James, 2008. "The Moral High Ground: An Experimental Study of Spectator Impartiality," MPRA Paper 18558, University Library of Munich, Germany.
    2. Thaler, Richard H & Shefrin, H M, 1981. "An Economic Theory of Self-Control," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
    3. James Konow, 2009. "Is fairness in the eye of the beholder? An impartial spectator analysis of justice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 33(1), pages 101-127, June.
    4. James Konow, 2000. "Fair Shares: Accountability and Cognitive Dissonance in Allocation Decisions," American Economic Review, American Economic Association, vol. 90(4), pages 1072-1091, September.
    5. Rasmussen, Dennis C., 2006. "Does “Bettering Our Condition” Really Make Us Better Off? Adam Smith on Progress and Happiness," American Political Science Review, Cambridge University Press, vol. 100(3), pages 309-318, August.
    6. Croson, Rachel & Konow, James, 2009. "Social preferences and moral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 69(3), pages 201-212, March.
    7. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
    8. Harrison, John R, 1995. "Imagination and Aesthetics in Adam Smith's Epistemology and Moral Philosophy," Contributions to Political Economy, Cambridge Political Economy Society, vol. 14(0), pages 91-112.
    9. Marc Fleurbaey & Erik Schokkaert & Koen Decancq, 2008. "What Good is Happiness?," OPHI Working Papers 20, Queen Elizabeth House, University of Oxford.
    10. Linda Babcock & George Loewenstein, 1997. "Explaining Bargaining Impasse: The Role of Self-Serving Biases," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 109-126, Winter.
    11. Ruut Veenhoven, 1991. "Is happiness relative?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 24(1), pages 1-34, February.
    12. Croson, Rachel & Konow, James, 2007. "Double Standards: Social Preferences and Moral Biases," MPRA Paper 2729, University Library of Munich, Germany.
    13. Nava Ashraf & Colin F. Camerer & George Loewenstein, 2005. "Adam Smith, Behavioral Economist," Journal of Economic Perspectives, American Economic Association, vol. 19(3), pages 131-145, Summer.
    14. Vivienne Brown, 2008. "Agency and discourse: revisiting the Adam Smith problem," Open Discussion Papers in Economics 72, The Open University, Faculty of Social Sciences, Department of Economics.
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    More about this item

    Keywords

    Adam Smith; ethics; moral knowledge;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D60 - Microeconomics - - Welfare Economics - - - General

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