Reviewing Prof. Glory Liu’s “Adam Smith’s America” (Books, Dec. 17), Barton Swaim shares his judgment that Smith’s “Theory of Moral Sentiments” “isn’t very good,” adding ...

Economist Adam Smith wrote about ethics in economics in his "Theory of Moral Sentiments" and came to two principle conclusions regarding man's conceit for his own ideal plans and the tendency for ...

In addition to his famous arguments in favor of markets and liberalized trade, Smith also had a well-worked-out theory of moral ... because it reflected the moral sentiments that ultimately ...

Adam Smith is not who you think he is. Long hailed as the founder of modern economics and the father of capitalism, the 18th-century Scottish thinker was not only an economist and the author of ...

For, as Smith wrote in his 1759 book The Theory of Moral Sentiments, "he is provided with no mirror which can present them to his view." But if the person is raised with others, he is part of a ...

It’s the start of a better conversation. Adam Smith, in The Theory of Moral Sentiments, talked about “sympathy”. “How selfish soever man may be supposed, there are evidently some ...

They believed that Smith’s two books, 1759’s The Theory of Moral Sentiments and 1776’s The Wealth of Nations, are opposed to each other and called the resulting challenge of interpretation ...

In his first book, "The Theory of Moral Sentiments", Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves using competition, supply and demand ...

Adam Smith introduced the concept in his 1759 book "The Theory of Moral Sentiments" and later in his 1776 book "An Inquiry Into the Nature and Causes of the Wealth of Nations." Each free exchange ...

So, they turned to game theory to develop a model of moral communication that sends both true- and false-signaling. In the model, there are two people who like to cooperate, but one of them might not ...