The Theory Of Moral Sentiments

Decent Essays
At eighteenth century, the cost of increasing development of capitalism is anomie: people chasing material life insanely even sacrifice others’ benefits. Because of this, Adam Smith, a successful philosopher and economist, released that the original morality principle was not suitable for that society anymore, and it needed to build another new theory system to suit the developing society. He wrote two masterpieces that proposed his ideas: The Theory of Moral Sentiments, which discusses the human development by analysing the human emotion, and The Wealth of Nations, which summarises the development of capitalism and it is also a foundation for today’s economy. This essay will analyse the self-interest, plays as a motivator role in morality and economy field, and benefits the development in that society. Moreover, will suggest some limitations of Smith’s idea.
Self-interest plays a motivator role in morality field that makes people can consider themselves without destroying the ability of others to meet their own wants. Starting with some key terms that Smiths mentions in his books: selfishness means someone who only knows to satisfy himself without consider others’ feelings and it might deprives others’ happiness (Black 2006, p.8). Comparing to selfishness, the term ‘self-love’ means ‘pure ego’ (Fitzgibbons 1995, p.137), while the term ‘self-interest’ is an updated version of self-love, because it contains virtue and leads to self-love into a moral level (Fitzgibbons 1995,
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