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Positive endogenous ethics: Smith's unique contribution to moral analysis

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  • Witztum, Amos

Abstract

There are two elements which make Smith’s ethics unique as well as more universal in nature. The first is that it is a positive theory of ethics in the sense that it is not about what is intrinsically good or just as it is about the way in which people form their opinion about it. The second is that it is embedded in social context in the sense that what lies behind the way in which people form their moral opinion is socially dependent as well as related to the way in which people behave. From an exegetic point of view, this also helps in explaining the dissonance that may exist between Smith’s own views about morals and what he observes as the contemporary prevailing view. Applying this to his economic analysis will yield surprising conclusions which may explain why the Wealth of Nations cannot be seen as a moral advocacy of natural liberty.

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  • Witztum, Amos, 2023. "Positive endogenous ethics: Smith's unique contribution to moral analysis," LSE Research Online Documents on Economics 128564, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:128564
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    File URL: http://eprints.lse.ac.uk/128564/
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    References listed on IDEAS

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    1. Amos Witztum & Jeffrey T. Young, 2013. "Utilitarianism and the role of utility in Adam Smith," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(4), pages 572-602, August.
    2. Jerry Evensky, 1987. "The Two Voices of Adam Smith: Moral Philosopher and Social Critic," History of Political Economy, Duke University Press, vol. 19(3), pages 447-468, Fall.
    3. Jeffrey T. Young, 1986. "The Impartial Spectator and Natural Jurisprudence: An Interpretation of Adam Smith's Theory of the Natural Price," History of Political Economy, Duke University Press, vol. 18(3), pages 365-382, Fall.
    4. Jacob Viner, 1927. "Adam Smith and Laissez Faire," Journal of Political Economy, University of Chicago Press, vol. 35(2), pages 198-198.
    5. Kennedy, Gavin, 2011. "The Hidden Adam Smith In His Alleged Theology," Journal of the History of Economic Thought, Cambridge University Press, vol. 33(3), pages 385-402, September.
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    Keywords

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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A31 - General Economics and Teaching - - Multisubject Collective Works - - - Multisubject Collected Writings of Individuals
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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