Adam Smith's Individual Self-interest and Its Morality
Nie Wen-jun
Abstract
Nie Wen-jun
Abstract
Adam Smith's emphasis on individual self-interest is the basis of establishing the Classical Economics. Smith's individual self-interest has not only the proper quality of morality, but also the superiority of morality, in Smith's time, this individual self-interest already contained and showed certain limitations of morality. The research of justice rising in modern time is just overcoming the limitations of individual self-interest.
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Adam Smith's emphasis on individual self-interest is the basis of establishing the Classical Economics. Smith's individual self-interest has not only the proper quality of morality, but also the superiority of morality, in Smith's time, this individual self-interest already contained and showed certain limitations of morality. The research of justice rising in modern time is just overcoming the limitations of individual self-interest.
Key concepts: Morality, Self-interest, Adam smith, General interest, Economic Justice, Epistemology, Philosophy, Sociology