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Out of sight, out of mind: Modern economics, social interactions, and Smith´s sympathy

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  • Andrés Álvarez

    ()

  • Jimena Hurtado

    ()

Abstract

After having reviewed some of the recent advances in Economics trying to incorporate new elements in our understanding of human interactions, we aim at contributing to this line of research using Adam Smith´s system of sympathy. The features Smithattributes to the intersubjective identification mechanism of sympathy lead not only to conceive the construction of a community but also the possibility of exclusion of some of its members. The asymmetry of sympathy allows explaining emulationof those seen as more fortunate as well as the exclusion of those perceived as miserable. Through a formal representation we try to illustrate the phenomena of inclusion and exclusion present in intersubjetive relations and the construction of communities.Keywords: Adam Smith, sympathy, emulation, exclusion.JEL Codes: B12, B31, D03.

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Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 009312.

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Length: 28
Date of creation: 11 Jan 2012
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Handle: RePEc:col:000089:009312

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Keywords: Adam Smith; sympathy; emulation; exclusion;

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  1. Levy, David M. & Peart, Sandra J., 2009. "Sympathy, evolution, and The Economist," Journal of Economic Behavior & Organization, Elsevier, vol. 71(1), pages 29-36, July.
  2. Sally, David, 2001. "On sympathy and games," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 1-30, January.
  3. Collins, Anne D. & Lim, Jamus Jerome, 2010. "Recognition, redistribution, and liberty," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 240-252, June.
  4. Daniel J. Benjamin & James J. Choi & A. Joshua Strickland, 2010. "Social Identity and Preferences," American Economic Review, American Economic Association, vol. 100(4), pages 1913-28, September.
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Cited by:
  1. Gianni Vaggi & Sara Stefanini, 2014. "On open identity; otherness, distance and self-command; Smith and the view of justice," DEM Working Papers Series 073, University of Pavia, Department of Economics and Management.

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