Economists -- Great Britain -- Biography; Smith, Adam, 1723-1790
His immediate predecessors and contemporaries in the field of ethics
were principally concerned with the origin and authority of right and
wrong. Why does mankind generally agree as to what is right and what is
wrong; whence are the notions of “ought” and “ought not” derived if not
from the church or the Bible? At the time Smith wrote, English moralists
were divided upon this point into two main schools. Of the first, who
derived all moral rules from self-interest, Hobbes, Mandeville, and Hume
were the principal exponents. The second school sought for a less
variable standard, and have been called Intuitionalists, because they
believed either with Clarke and Price that moral truths are perceived
like axioms of Euclid, by the intellect, or with Shaftesbury and
Hutcheson, that there is innate in us a moral sense or taste (developed
by Bishop Butler into conscience) which prompts us to do right and tells
us the difference between good and evil.
Moralists were equally divided upon the question, “In what does virtue
consist?” His old teacher Hutcheson had answered that it consisted in
benevolence; others thought that prudence was the true mark of the good
man. In Adam Smith’s view, prudence and benevolence are equally
essential ingredients in the constitution of a perfectly virtuous
character. With virtue he associates happiness, and his individual view
of both is based partly upon the Greek philosophy of an independent
leisure, partly upon the Christian conception of doing good to others;
and we feel that he does not always succeed in reconciling the new ideal
with the old. “Happiness,” he says, “consists in tranquillity and
enjoyment. Without tranquillity there can be no enjoyment.”
Tranquillity, he thinks, is “the natural and usual state of a man’s
mind.” But the tranquillity to be desired was as far removed from
indolence or apathy as from avarice or ambition. It was the active
tranquillity of a well furnished mind and a benevolent heart.
Public-domain text, read in full here on John Shaqi.
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