Journal of Economic Perspectives: Vol. 19 No. 3 (Summer 2005)
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Adam Smith's Theory of Moral Sentiments: On Morals and Why They Matter to a Liberal Society of Free People and Free Markets
Evensky, Jerry. 2005. "Adam Smith's Theory of Moral Sentiments: On Morals and Why They Matter to a Liberal Society of Free People and Free Markets." Journal of Economic Perspectives, 19(3): 109-130.
This essay describes Smith's analysis of ethics in his Theory of Moral Sentiments: the interaction of our nature and our nurturing that makes common civic ethics possible and the dynamic interaction of individuals and extant societal constructions that can lead to ever more mature systems of civic ethics and thus toward those conditions necessary for a constructive, sustainable liberal system.
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