In this article we will show that according to Adam Smith, virtue and commerce stimulate each other mechanically accumulatively. Although might think they are opposing questions because commercial activity pursues profit not virtue, see Smith only reconciles both question, but also shows complementary, one requires the reinforces it. To demonstrate this, begin by treating own nature of mechanis...

The writer explores Adam Smith's Theory of Moral Sentiments, where Smith presents a rich and provocative account of morality. The writer offers an explication of Smith's moral psychology as a stage theory of moral development, with the intention of generating critical points on both mattes of detail and larger implications.

Frans de Waal's view that empathy is at the basis of morality directly seems to build on Darwin, who considered sympathy as the crucial instinct. Yet when we look closer, their understanding of the central social instinct differs considerably. De Waal sees our deeply ingrained tendency to sympathize (or rather: empathize) with others as the good side of our morally dualistic nature. For Darwin,...

Neoliberalism presents itself as a doctrine based on the inexorable truths of modern economics. However, despite its scientific trappings, modern economics is not a scientific discipline but the rigorous elaboration of a very specific social theory, which has become so deeply embedded in western thought as to have established itself as no more than common sense, despite the fact that its fundam...

in this paper, we analysis the concept and importance of property rights in classical and institutional economic thought schools. in doing so, we analysis the thoughts of luck, adam smith, say, ricardo, malthus, mill, marx, engels, marshal (some classical economists), coase, demsetz, north, and dosoto (some new institutional economists). the results of the paper revealed that: 1) classical econ...