On Adam Smith's Ideas of Human Nature
Yang Hai-yin
Abstract
Yang Hai-yin
Abstract
The so-called “problem of Adam Smith”raised by the economists of German history school in mid-19th century didn't exist.In the “Theory of Moral Sentiments”,Adam Smith thinks that both self-interest and altruism are the expressions of human nature ;man is not absolute egoist or altruist . In the “An Inquiry into the Nature and Causes of the Wealth of Nations”,Adam Smith bases his economic theory on man's self-interest.This is only the need of the economics research and can't prove that Adam Smith has changed his ideas of human nature.
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The so-called “problem of Adam Smith”raised by the economists of German history school in mid-19th century didn't exist.In the “Theory of Moral Sentiments”,Adam Smith thinks that both self-interest and altruism are the expressions of human nature ;man is not absolute egoist or altruist . In the “An Inquiry into the Nature and Causes of the Wealth of Nations”,Adam Smith bases his economic theory on man's self-interest.This is only the need of the economics research and can't prove that Adam Smith has changed his ideas of human nature.
Key concepts: Adam smith, Ethical egoism, Invisible hand, Altruism (biology), Self-interest, German, Philosophy, Sociology