Television Pros And Cons Essay
argumentative Essay
1083 words
Present Adam Smith's view of the human person and compare and contrast his view with that of any other moral philosopher
Stephen Magri
523477(M)
Master of Arts in Business Ethics
1st Year
Adam Smith (1723 – 1790) is a Scottish moral philosopher who wrote many books including the ‘Wealth of Nations’ and the ‘Theory of Moral Sentiments’. The moral theory of Smith is derived from empiricists such as David Hume. Dr Edward W Younkins in his extract on ‘Adam Smith’s moral and economic system’ states that the book ‘Theory of Moral Sentiments’ presents and examination of the process by which the person judges himself and other people. In this book Smith states that there is more to life than economics and politics and that man should give due importance to moral sentiments and sympathetic feelings abandoning self centredness. In other words Smith is implying that man should live a virtuous life. Smith divides virtues in two levels:
• Self interested: like industry, constancy etc
• Primary virtues: like generosity, pity, love etc
Smith states that there are four virtues in one’s life – justice, prudence, benevolence and self-command. Man must strive to win over his egoism and become more accustomed to the primary virtues.
According to Smith emotions are the basis of moral judgement implanted in man by a higher beneficial diety (probably implying God yet according to Jacob Viner the term ‘God’ is substituted to ‘the great Architect of the Universe’, the ‘invisible hand’ or ‘nature’) to bring about the happiness of mankind. The human being according to Smith is a social creature with a moral code from experiences founded on moral feelings that the same human was born with. These feelings are both for the person’s self and for the other person. Smith states that through mutual sympathy of sentiments people in society gain happiness Eg. If a friend feels a feeling
In this essay, the author
- Compares adam smith's view of the human person with that of any other moral philosopher.
- States that adam smith's moral theory is derived from empiricists such as david hume. theory of moral sentiments examines the process by which the person judges himself and others.
- Explains that sympathy means compassion, pity, and joy. approval is a feeling when the person can project himself and sympathize with the act done.
- Compares adam smith's view of the human person with that of any other moral philosopher.
- States that adam smith's moral theory is derived from empiricists such as david hume. theory of moral sentiments examines the process by which the person judges himself and others.
- Explains that sympathy means compassion, pity, and joy. approval is a feeling when the person can project himself and sympathize with the act done.
- Explains that hume's problem comes to pass because he cannot find any impression of connection between cause and effect. necessary connection can be compared to smith’s line of thought.
- Analyzes how professor joe friggieri states that hume compares vices and virtues with sounds, colour, heat and cold in his book 'in-nisga tal-hsieb'.
- Explains that smith states that there are four virtues in one's life — justice, prudence, and benevolence. emotions are the basis of moral judgement implanted in man by a higher beneficial diety.
- Explains that david hume, a contemporary of adam smith, wrote 'a treatise of human nature', which will be used in this assignment.
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In this essay, the author
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- Explains how the "theory of moral sentiment" supported smith's view on what policies should be adopted based on these theories.
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- Explains that adam smith's free trade capitalism was to pursue non-restricted economic environment in a nation to maximize the wealth of the nation.
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In this essay, the author
- Opines that a person who prefers domestic industry to foreign industry intends only his own security and gain, and is led by an invisible hand to promote an end which was no part of his intention.
- Explains that in civilized society, man is in need of the cooperation and assistance of great multitudes, while his whole life is scarce enough to gain the friendship of a few persons.
- Argues that keynes rejected the adam smith/classical economics belief, which held out the promise of material progress in a laissez-faire environment.
- Opines that a person who prefers domestic industry to foreign industry intends only his own security and gain, and is led by an invisible hand to promote an end which was no part of his intention.
- Explains that in civilized society, man is in need of the cooperation and assistance of great multitudes, while his whole life is scarce enough to gain the friendship of a few persons.
- Argues that keynes rejected the adam smith/classical economics belief, which held out the promise of material progress in a laissez-faire environment.
- Explains keynes' powerful model, which could be applied to a wide range of practical problems, was assimilated into the body of received doctrine.
- Explains that keynes rejected the need for public or government ownership of the means of production. he was concerned with the aggregate outcomes in the economy.
- Opines that keynes was critical of the inequalities in income and wealth but argued that some inequality is necessary to provide incentive to entrepreneurs to undertake investment.
- Analyzes how keynes's last major work, the general theory, was the design of international financial institutions calculated to limit the spread of depression.
- Explains adam smith's ideas about the market economy and the role of the state in relation to it.
- Explains keynes' analysis of the determinants of effective demand, which includes consumption, investment, and government expenditures. the fundamental implication came as a shock to traditional economics exponents who had been inclined to assume that economic system tend automatically to full employment.
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