Journal of Economic Perspectives: Vol. 19 No. 3 (Summer 2005)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

Adam Smith, Behavioral Economist

Article Citation

Ashraf, Nava, Colin F. Camerer, and George Loewenstein. 2005. "Adam Smith, Behavioral Economist." Journal of Economic Perspectives, 19(3): 131-145.

DOI: 10.1257/089533005774357897


Adam Smith's psychological perspective in The Theory of Moral Sentiments is remarkably similar to "dual-process" frameworks advanced by psychologists, neuroscientists, and more recently by behavioral economists, based on behavioral data and detailed observations of brain functioning. It also anticipates a wide range of insights regarding phenomena such as loss aversion, willpower, and fairness that have been the focus of modern behavioral economics. This essay draws attention to some of these connections.

Article Full-Text Access

Full-text Article (Complimentary)


Ashraf, Nava
Camerer, Colin F.
Loewenstein, George


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us