“One source of misunderstanding is that many of the commentators have been economists who have looked at the Moral Sentiments simply in order to find some relevance for The Wealth of Nations. This gave rise to the so-called Adam Smith problem, a supposed inconsistency between the psychological assumptions of the two books. Another source of error has been a failure to note whether a particular passage was written for the first or for the sixth edition.”

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About D. D. Raphael

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