The Theory of Moral Sentiments (ePub)

Adam Smith (b. June 5, 1723, d. July 17, 1790) was a pioneering Scottish economist and philosopher, widely cited as the 'Father of Economics' and a major proponent of laissez-faire economic policies. Educated at the universities of Glasgow and Oxford, Smith laid the foundations of classical free market economic theory with his seminal work, 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776). However, before this, he explored the underpinnings of morality and social relationships in 'The Theory of Moral Sentiments' (1759), a work revealing his profound interest in the cultivation of virtue and the role of sympathy in human conduct. In this earlier publication, Smith proposed the idea of the 'impartial spectator,' an inner voice that guides moral judgment, underlining the importance of ethical considerations in the marketplace of life. His literary style is characterized by clear, persuasive argumentation and exemplifies the Enlightenment values of his time, especially his faith in reason and the betterment of society through individual enterprise and moral development. Adam Smith's contributions extend beyond economics; his comprehensive approach to social sciences and morality greatly influenced the development of various fields, including philosophy, political science, and sociology.