The same face of the two Smiths: Adam Smith and Vernon Smith
Going from personal to impersonal exchange seems to be a relevant feature that allows humans to develop complex societies and grow prosperous. Adam Smith's idea of moral imagination, embodied in the impartial spectator and achieved through sympathy, may integrate and complement today's evolutionary biology and experimental economic explanations, providing the missing key as to how we generate and internalize those rules of conduct that promote fair and cooperative behaviors.
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References listed on IDEAS
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- Evelyn L. Forget, 2003. "Evocations of Sympathy: Sympathetic Imagery in Eighteenth-Century Social Theory and Physiology," History of Political Economy, Duke University Press, vol. 35(5), pages 282-308, Supplemen.
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02-06, Department of Economics, Appalachian State University.
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- Avner Greif, 2006. "History Lessons: The Birth of Impersonal Exchange: The Community Responsibility System and Impartial Justice," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 221-236, Spring.
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- repec:tpr:qjecon:v:100:y:1985:i:5:p:1073-81 is not listed on IDEAS
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