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The Theory Of Moral Sentiments
''The Theory of Moral Sentiments'' is a 1759 book by Adam Smith. It provided the ethical, philosophical, economic, and methodological underpinnings to Smith's later works, including ''The Wealth of Nations'' (1776), '' Essays on Philosophical Subjects'' (1795), and '' Lectures on Justice, Police, Revenue, and Arms'' (1763) (first published in 1896). Sympathy Smith departed from the " moral sense" tradition of Anthony Ashley-Cooper, 3rd Earl of Shaftesbury, Francis Hutcheson, and David Hume, as the principle of sympathy takes the place of that organ. "Sympathy" was the term Smith used for the feeling of these moral sentiments. It was the feeling of understanding the passions of others. It operated through a logic of mirroring, in which a spectator imaginatively reconstructed the experience of the person he watches:Smith, Adam (1872). Black, Joseph; Hutton, James (eds.). The Essays of Adam Smith' (6 ed.). London: Alex. Murry & Co. p. 9. Retrieved 21 Jan 2021. As we have n ...
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Adam Smith
Adam Smith (baptised 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by some as the "father of economics"——— or the "father of capitalism".———— He is known for two classic works: ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is regarded as his ''magnum opus'', marking the inception of modern economic scholarship as a comprehensive system and an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of divine will and instead appeals to natural, political, social, economic, legal, environmental and technological factors, as well as the interactions among them. The work is notable for its contribution to economic theory, particularly in its exposition o ...
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Sympathy
Sympathy is the perception of, understanding of, and reaction to the Mental distress, distress or need of another life form. According to philosopher David Hume, this sympathetic concern is driven by a switch in viewpoint from a personal perspective to the perspective of another group or individual who is in need. Hume explained that this is the case because "the minds of all men are similar in their Feeling, feelings and operations" and that "the motion of one communicates itself to the rest" so that as "affections readily pass from one person to another… they beget correspondent movements." Along with Hume, two other men, Adam Smith and Arthur Schopenhauer, worked to better define sympathy. Hume was mostly known for epistemology, Smith was known for his economic theory, and Schopenhauer for the philosophy of the will. American professor Brené Brown views sympathy as a way to stay out of touch with one's emotions. They attempt to make sense out of the situation and see it f ...
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Nero
Nero Claudius Caesar Augustus Germanicus ( ; born Lucius Domitius Ahenobarbus; 15 December AD 37 – 9 June AD 68) was a Roman emperor and the final emperor of the Julio-Claudian dynasty, reigning from AD 54 until his death in AD 68. Nero was born at Antium in AD 37, the son of Gnaeus Domitius Ahenobarbus (father of Nero), Gnaeus Domitius Ahenobarbus and Agrippina the Younger (great-granddaughter of the emperor Augustus). Nero was three when his father died. By the time Nero turned eleven, his mother married Emperor Claudius, who then Adoption in ancient Rome, adopted Nero as his heir. Upon Claudius' death in AD 54, Nero ascended to the throne with the backing of the Praetorian Guard and the Senate. In the early years of his reign, Nero was advised and guided by his mother Agrippina, his tutor Seneca the Younger, and his praetorian prefect Sextus Afranius Burrus, but sought to rule independently and rid himself of restraining influences. The power ...
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Temperance (virtue)
Temperance in its modern use is defined as moderation or voluntary self-restraint. It is typically described in terms of what a person voluntarily refrains from doing. This includes restraint from revenge by practicing mercy and forgiveness, restraint from arrogance by practicing humility and modesty, restraint from excesses such as extravagant luxury or splurging, restraint from overindulgence in food and drink, and restraint from rage or craving by practicing calmness and equanimity. The distinction between temperance and self-control is subtle. A person who exhibits self-control wisely refrains from giving in to unwise desires. A person who exhibits temperance does not have unwise desires in the first place because they have wisely shaped their character in such a way that their desires are proper ones. Aristotle suggested this analogy: An intemperate person is like a city with bad laws; a person who lacks self control is like a city that has good laws on the books but doesn’ ...
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Utopia
A utopia ( ) typically describes an imagined community or society that possesses highly desirable or near-perfect qualities for its members. It was coined by Sir Thomas More for his 1516 book ''Utopia (book), Utopia'', which describes a fictional island society in the New World. Hypothetical utopias focus on, among other things, equality in categories such as economics, government and justice, with the method and structure of proposed implementation varying according to ideology. Lyman Tower Sargent argues that the nature of a utopia is inherently contradictory because societies are not homogeneous and have desires which conflict and therefore cannot simultaneously be satisfied. To quote: The opposite of a utopia is a dystopia. Utopian and dystopian fiction has become a popular literary category. Despite being common parlance for something imaginary, utopianism inspired and was inspired by some reality-based fields and concepts such as utopian architecture, architecture, Cyber-ut ...
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Moral Philosophy
Ethics is the philosophical study of moral phenomena. Also called moral philosophy, it investigates normative questions about what people ought to do or which behavior is morally right. Its main branches include normative ethics, applied ethics, and metaethics. Normative ethics aims to find general principles that govern how people should act. Applied ethics examines concrete ethical problems in real-life situations, such as abortion, treatment of animals, and business practices. Metaethics explores the underlying assumptions and concepts of ethics. It asks whether there are objective moral facts, how moral knowledge is possible, and how moral judgments motivate people. Influential normative theories are consequentialism, deontology, and virtue ethics. According to consequentialists, an act is right if it leads to the best consequences. Deontologists focus on acts themselves, saying that they must adhere to duties, like telling the truth and keeping promises. Virtue et ...
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Gains From Trade
In economics, gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other. In technical terms, they are the increase of consumer surplus plus producer surplus from lower tariffs or otherwise liberalizing trade. Dynamics Gains from trade are commonly described as resulting from: * specialization in production from division of labor, economies of scale, scope, and agglomeration and relative availability of factor resources in types of output by farms, businesses, location and economies * a resulting increase in total output possibilities * trade through markets from sale of one type of output for other, more highly valued goods. Market incentives, such as reflected in prices of outputs and inputs, are theorized to attract factors of production, including labor, into activities according to comparative advantage, that is, for which they each have a low opportunity cost. The factor owners then use th ...
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Barter
In trade, barter (derived from ''bareter'') is a system of exchange (economics), exchange in which participants in a financial transaction, transaction directly exchange good (economics), goods or service (economics), services for other goods or services without using a medium of exchange, such as money. Economists usually distinguish barter from gift economy, gift economies in many ways; barter, for example, features immediate reciprocity (cultural anthropology), reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral trade, bilateral basis, but may be multilateral exchange, multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a Deflation#Deflationary spiral, de ...
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Axiom
An axiom, postulate, or assumption is a statement that is taken to be true, to serve as a premise or starting point for further reasoning and arguments. The word comes from the Ancient Greek word (), meaning 'that which is thought worthy or fit' or 'that which commends itself as evident'. The precise definition varies across fields of study. In classic philosophy, an axiom is a statement that is so evident or well-established, that it is accepted without controversy or question. In modern logic, an axiom is a premise or starting point for reasoning. In mathematics, an ''axiom'' may be a " logical axiom" or a " non-logical axiom". Logical axioms are taken to be true within the system of logic they define and are often shown in symbolic form (e.g., (''A'' and ''B'') implies ''A''), while non-logical axioms are substantive assertions about the elements of the domain of a specific mathematical theory, for example ''a'' + 0 = ''a'' in integer arithmetic. N ...
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Vernon L
Vernon may refer to: Places Australia *Vernon County, New South Wales Canada * Vernon, British Columbia, a city * Vernon, Ontario France * Vernon, Ardèche *Vernon, Eure United States * Vernon, Alabama * Vernon, Arizona * Vernon, California * Lake Vernon, California * Vernon, Colorado * Vernon, Connecticut * Vernon, Delaware * Vernon, Florida, a city * Vernon Lake (Idaho) * Vernon, Illinois * Vernon, Indiana * Vernon, Kansas * Vernon Community, Hestand, Kentucky * Vernon Parish, Louisiana ** Vernon Lake, a man-made lake in the parish * Vernon, Michigan * Vernon Township, Isabella County, Michigan * Vernon Township, Shiawassee County, Michigan * Vernon, Jasper County, Mississippi * Vernon, Madison County, Mississippi * Vernon, Winston County, Mississippi * Vernon Township, New Jersey * Vernon (town), New York ** Vernon (village), New York * Vernon (Mount Olive, North Carolina), a historic plantation house * Vernon Township, Crawford County, Ohio * Vernon To ...
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Rapacity
Greed (or avarice, ) is an insatiable desire for material gain (be it food, money, land, or animate/inanimate possessions) or social value, such as status or power. Nature of greed The initial motivation for (or purpose of) greed and actions associated with it may be the promotion of personal or family survival. It may at the same time be an intent to deny or obstruct competitors from potential means (for basic survival and comfort) or future opportunities; therefore being insidious or tyrannical and having a negative connotation. Alternately, the purpose could be defense or counteractive response to such obstructions being threatened by others. Modern economic thought frequently distinguishes ''greed'' from ''self-interest'', even in its earliest works, and spends considerable effort distinguishing the line between the two. By the mid-19th century – affected by the phenomenological ideas of Hegel – economic and political thinkers began to define greed inherent to ...
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Universe
The universe is all of space and time and their contents. It comprises all of existence, any fundamental interaction, physical process and physical constant, and therefore all forms of matter and energy, and the structures they form, from sub-atomic particles to entire Galaxy filament, galactic filaments. Since the early 20th century, the field of cosmology establishes that space and time emerged together at the Big Bang ago and that the Expansion of the universe, universe has been expanding since then. The observable universe, portion of the universe that can be seen by humans is approximately 93 billion light-years in diameter at present, but the total size of the universe is not known. Some of the earliest Timeline of cosmological theories, cosmological models of the universe were developed by ancient Greek philosophy, ancient Greek and Indian philosophy, Indian philosophers and were geocentric model, geocentric, placing Earth at the center. Over the centuries, more prec ...
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