Adam Smith’s moral foundations of self-interest and ethical social order

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dc.contributor.authorArevuo, Mikko
dc.date.accessioned2023-09-19T12:57:25Z
dc.date.available2023-09-19T12:57:25Z
dc.date.issued2023-09-11
dc.description.abstractThis article draws on textual evidence from The Theory of Moral Sentiments and The Wealth of Nations to address mistaken interpretations of Adam Smith's fundamental concept of self-interest as greed that has been said to have had a corrosive influence on markets, commercial behaviour, and widening inequality. To the contrary, Smith's complex set of human motivations, including self-interest, his economic system that is based on free markets, and institutional frameworks governing productive property rights and the rule of law are argued to increase aggregate wealth, improve the position of those least well off, and maintain ethical social order.en_UK
dc.identifier.citationArevuo M. (2023) Adam Smith’s moral foundations of self-interest and ethical social order, Economic Affairs, Volume 43, Issue 3, October 2023, pp. 372-387en_UK
dc.identifier.eissn1468-0270
dc.identifier.issn0265-0665
dc.identifier.urihttps://doi.org/10.1111/ecaf.12592
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/20248
dc.language.isoenen_UK
dc.publisherWileyen_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectAdam Smithen_UK
dc.subjectethicsen_UK
dc.subjectgreeden_UK
dc.subjectimpartial observeren_UK
dc.subjectinequalityen_UK
dc.subjectmoral philosophyen_UK
dc.subjectself-interesten_UK
dc.subjectsympathyen_UK
dc.subjectTheory of Moral Sentimentsen_UK
dc.subjectWealth of Nationsen_UK
dc.titleAdam Smith’s moral foundations of self-interest and ethical social orderen_UK
dc.typeArticleen_UK

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