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The Circumstantiality of Bivariate Relationships inThe Theory of Moral Sentiments

In: Research in the History of Economic Thought and Methodology: Including a Symposium on Religion, the Scottish Enlightenment, and the Rise of Liberalism

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  • Daniel B. Klein

Abstract

InTheory of Moral Sentiments, Adam Smith reasons about how a change in one thing,A, is attended by a change in another thing, B. In expounding on such bivariate relationships, Smith sometimes seems to go out of his way to posit a state of the world in which the relationship would break down. That feature suggests an irony about knowing how a change inBattends a change inA. We might think we understand the bivariate relationship, but it holds only for certain states of the world. The relationship is circumstanced. The more one studies theMoral Sentiments, the more one realizes that circumstantiality suffuses its teachings. My discussion arrives at a place of doubt about the most important bivariate relationship – that between approval from our conscience and doing good. Smith seems to suggest, particularly at the end of his life, that a person can best know the relationship between his conscience’s approval and his doing good under circumstances of his having frank and open friendships. The implication for politics is that we want that kind of government that best conduces to frank and open friendships.

Suggested Citation

  • Daniel B. Klein, 2023. "The Circumstantiality of Bivariate Relationships inThe Theory of Moral Sentiments," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology: Including a Symposium on Religion, the Scottish Enlightenment, and the Rise of Liberalism, volume 41, pages 59-78, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:rhetzz:s0743-41542023000041a005
    DOI: 10.1108/S0743-41542023000041A005
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