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Written in 1759 by Scottish philosopher and political economist Adam Smith, «The Theory of Moral Sentiments» provides much of the foundation for the ideas in his later works, most notably in «The Wealth of Nations.» Through this initial text, Smith expresses his general system of morals, exploring the propriety of action, reward and punishment, sense of duty, and the effect of numerous factors on moral sentiment. In so doing, Smith devised innovative theories on virtues, conscience, and moral judgment that are still relevant and accessible today. Though somewhat surprising to find a philosopher of Smith's abilities discussing aspects such as luck and sympathy and how they affect self-image or relationships, «The Theory of Moral Sentiments» never loses its critical excellence in its good-natured understanding of the human exploration for the meaning of being good.

Аннотация

The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books: Book I. Of the Causes of Improvement in the productive Power of Labour, Book II. Of the Nature, Accumulation, and Employment of Stock Introduction, Book III. Of the Different Progress of Opulence in Different Nations, Book IV. Of Systems of Political Economy, and Book V. Of the Revenue of the Sovereign or Commonwealth; which taken together form a giant leap forward in the field of economics. A product of the «Age of Enlightenment», «The Wealth of Nations» is a must read for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.

Аннотация

Written in 1759 by Scottish philosopher and political economist Adam Smith, “The Theory of Moral Sentiments” provides much of the foundation for the ideas in his later works, most notably in “The Wealth of Nations.” Through this initial text, Smith expresses his general system of morals, exploring the propriety of action, reward and punishment, sense of duty, and the effect of numerous factors on moral sentiment. In so doing, Smith devised innovative theories on virtues, conscience, and moral judgment that are still relevant and accessible today. Though somewhat surprising to find a philosopher of Smith’s abilities discussing aspects such as luck and sympathy and how they affect self-image or relationships, “The Theory of Moral Sentiments” never loses its critical excellence in its good-natured understanding of the human exploration for the meaning of being good.

Аннотация

Written in 1759 by Scottish philosopher and political economist Adam Smith, “The Theory of Moral Sentiments” provides much of the foundation for the ideas in his later works, most notably in “The Wealth of Nations.” Through this initial text, Smith expresses his general system of morals, exploring the propriety of action, reward and punishment, sense of duty, and the effect of numerous factors on moral sentiment. In so doing, Smith devised innovative theories on virtues, conscience, and moral judgment that are still relevant and accessible today. Though somewhat surprising to find a philosopher of Smith’s abilities discussing aspects such as luck and sympathy and how they affect self-image or relationships, “The Theory of Moral Sentiments” never loses its critical excellence in its good-natured understanding of the human exploration for the meaning of being good. This edition includes an introduction by Herbert W. Schneider.

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The foundation for a general system of morals, this 1749 work is a landmark in the history of moral and political thought. Readers familiar with Adam Smith from The Wealth of Nations will find this earlier book a revelation. Although the author is often misrepresented as a calculating rationalist who advises the pursuit of self-interest in the marketplace, regardless of the human cost, he was also interested in the human capacity for benevolence — as The Theory of Moral Sentiments amply demonstrates.The greatest prudence, Smith suggests, may lie in following economic self-interest in order to secure the basic necessities. This is only the first step, however, toward the much higher goal of achieving a morally virtuous life. Smith elaborates upon a theory of the imagination inspired by the philosophy of David Hume. His reasoning takes Hume's logic a step further by proposing a more sophisticated notion of sympathy, leading to a series of highly original theories involving conscience, moral judgment, and virtue.Smith's legacy consists of his reconstruction of the Enlightenment idea of a moral, or social, science that embraces both political economy and the theory of law and government. His articulate expression of his philosophy continues to inspire and challenge modern readers.

Аннотация

The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books: Book I. Of the Causes of Improvement in the productive Power of Labour, Book II. Of the Nature, Accumulation, and Employment of Stock Introduction, Book III. Of the Different Progress of Opulence in Different Nations, Book IV. Of Systems of Political Economy, and Book V. Of the Revenue of the Sovereign or Commonwealth; which taken together form a giant leap forward in the field of economics. A product of the «Age of Enlightenment,» «The Wealth of Nations» is a must read for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles. This unabridged edition includes introductions by Ernest Belfort Bax and Edwin R. A. Seligman.

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