perjantai 25. huhtikuuta 2014

TOPIC of the session: When one asks about the relationship between economics and morality, most people scoff. They think that the two have little to do with one another, since economics prioritizes profit and efficiency, and morality seeks happiness, goodness, and right action. Furthermore, ethics is a concern for philosophers, and most economists think that their discipline is a pretty hard science. These debates are not new and their epicenter is the relationship between Adam Smith's two books The Theory of Moral Sentiments and The Wealth of Nations. Some say they represent incompatible projects, others claim that they are all part of the same system. "Das Adam Smith Problem" – the questioning of Smith's philosophical coherence – is a metaphor for all debate about the relationship between money and virtue, and between the relevant disciplines to investigate these.

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