The influence of Adam Smith's economic thought on his conception of the virtues
DOI:
https://doi.org/10.46553/cecon.41.106.2023.p7-22Keywords:
Adam Smith, virtues, commerce, meritAbstract
This article argues that Adam Smith's economic thinking influences his moral thinking. We will show that the virtue of prudence is strongly influenced by Smith's economic thought and is part of a new modern morality whose source is commercial activity. In this way, the economic-commercial is moral because the virtues take on characteristics inspired by commercial life. This explains why less grandiloquent virtues such as prudence take centre stage, and virtues such as benevolence lose prominence.
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