Document Type

Article

Publication Date

Spring 3-1997

Comments

Initially published in Journal of the History of Economic Thought, Spring 1997, volume 19, issue 1, pages 127-140.

© 1997 Cambridge University Press

DOI:10.1017/S1053837200004715

http://dx.doi.org/10.1017/S1053837200004715

Abstract

Adam Smith's definition of justice as a moral virtue based on the "passion" of resentment in 'The Theory of Moral Sentiments' (1759), despite seeming contradictions, supports his analysis of an acquisitive, commercial society in 'The Wealth of Nations' (1774) partly by precluding the concept of a just price.

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The views expressed in this paper are solely those of the author.