Research Article · Volume 1, issue 2 · Pages 1–6
Open accessAdam Smith was Consistent in Both The Theory of Moral Sentiments and The Wealth of Nations on the Role of the Concept of Prudence (Self Interest): Das Utilitarian Economist view is the Problem
Adam Smith was very consistent in both the Wealth of Nations and in The Theory of Moral Sentiments concerning the role of the virtue of prudence(self-interest) in both books. Like all advocates of virtue ethics, the first virtue that must be mastered had to be the Virtue of Prudence, which required the satisfaction of the necessary condition of being able to take care of oneself and family first, before any other vi…