Smith Quotes - page 14
Smith distinguishes with great sophistication the different kinds of reasons people have in taking an interest in the lives of others, separating out sympathy, generosity, public spirit and other motivations. Even though he acknowledged the role of mental attitudes and predispositions, he went on to discuss how reasoning, which is at the heart of rationality, must have a big role in preventing us from being – consciously or unconsciously – too self-centred, or thoughtlessly uncaring.
Adam Smith
Everything that psychology has learned about the processes of human choice is consistent with the view expressed by Adam Smith. People do have reasons for what they do, but these reasons depend very much on how people frame or represent the situations in which they find themselves, and upon the information they have or obtain about the variables that they take into account. Their rationality is a procedural rationality; there is no claim that they grasp the encironment accurately or comprehensively. To predict their behavior in specific instances, we must ourselves know what they are attending to, and what information they have.
Adam Smith
It is a source of great pride to be invited by His Eminence Francis Cardinal Spellman to participate in this dinner in honor of one of America's greatest men--Alfred E. Smith. I am particularly proud to say that in 1928, although I was not old enough to vote, I campaigned for his election to the Presidency of the United States. And it is with the deepest pride that I participated in helping our late beloved President, John Fitzgerald Kennedy, prove to the world that there are no religious bars to the highest office in our land. And what I say to you tonight represents what I believe Al Smith would have endorsed had he been here tonight, because he was a man of true compassion.
Lyndon B. Johnson
In generating the first ever systematic account of the market mechanism in commercial society, Smith's political economy drew not only on his critical reflections of the unsytematic nature of earlier economic writing, but equally on his didactic revisions of earlier natural law and natural jurisprudence traditions as well as the empirically suggestive but unsystematic historical inductive method of tracing the progress of civil society previously introduced by thinkers such as the great Montesquieu. These revisions can be linked directly to Smith's political thinking. It may be questioned whether Adam Smith can be said to have developed a political theory. Certainly, it has been and yet remains a subject of debate. Unquestionably, however, Smith isolated important political concerns and made political conceptual contributions which he linked systematically to his theory of commercial society and the conduct of the market.
Adam Smith
