I provide a formal explanation of the relationship between the virtues of prudence, justice, and benevolence described by Adam Smith in the Theory of moral sentiments and connect these with the themes Smith subsequently discusses in the Wealth of nations. I contend that the other-regarding...

I provide a formal explanation of the relationship between the virtues of prudence, justice, and benevolence described by Adam Smith in the Theory of moral sentiments and connect these with the themes Smith subsequently discusses in the Wealth of nations. I contend that the other-regarding...

This article introduces the moral philosophy underlying Smith's contributions to economics and emphasises the close connection between Smith's two principal works, the Theory of moral sentiments and the Wealth of nations.

Der Autor betont, dass 2009 neben dem 200. Geburtstag von Charles Darwin als zweites Jubiläum an das Erscheinen der Theory of Moral Sentiments von Adam Smith vor 250 Jahren zu erinnern ist. Ausgehend davon, dass sich Darwin selbst mit Robert Malthus auf einen Klassiker der Ökonomen berief,...

The author emphasizes that 2009 must be remembered not only for the 200 birthday of Charles Darwin, but as well as the 250-year anniversary of Adam Smith's "Theory of Moral Sentiments". Proceeding from the fact that Darwin as well as Robert Malthus refer to a classical economist, it is...