Online research in philosophy

In the late 1740s a young man who had just returned from Oxford to his native Scotland gave a series of lectures on rhetoric and belles lettres in Edinburgh. This man was no other than Adam Smith, who would soon become famous for his writings about moral philosophy and, most of all, economic issues. Smith the moral philosopher and Smith the economist quickly overshadowed Smith the theoretician of rhetoric. Even in today’s scholarly perception the curious fact that the founder of (...) economics made his first public appearance as a lecturer on rhetoric is not given the attention it deserves. This means that an important resource for understanding Smith’s self-conception as an author and the society he envisaged is .. (shrink)

Motivation crowding out can lead to a reduction of ‘higher’ virtues, such as altruism or public spirit, in market contexts. This article discusses the role of virtue in the moral and economic theory of Adam Smith. It argues that because Smith’s account of commercial society is based on ‘lower’ virtue, ‘higher’ virtue has a precarious place in it; this phenomenon is structurally similar to motivation crowding out. The article analyzes and systematizes the ways in which Smith builds on ‘contrivances of (...) nature’ in order to solve the problems of limited self-command and limited knowledge. As recent research has shown, a clear separation of different social spheres can help to reduce the risk of motivation crowding out and preserve a place for ‘higher virtue’ in commercial society. The conclusion reflects on the performative power of economics, arguing that the one-sided focus on models of ‘economic man’ should be embedded in a larger context. (shrink)