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The Economist

This book was converted from its physical edition to the digital format by a community of volunteers. You may find it for free on the web. Purchase of the Kindle edition includes wireless delivery.

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The Economist 31

40 Vol. for 1844 (v. 2) not published. Cf. ULS 2d ed Library has: v. 70(1910)-71, 73-74, 76, 78, 80-84, 93-143, 145-153, 155(1948) + (v. 252 lacks no. 6833; v. 260 pt. 1 lacks no. 6934; v. 305 lacks no. 7522, 7527) and Current issues. Indexes: v. 294-297(1985), 298, 299, 302-305(1987); v.322-325(1992); v.326-329(1993); v.330-333(1994) 40

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adam smith 1723 1790

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER IV. THE FEELING OP MERIT AND DEMERIT. The sense of the propriety or impropriety of a moral action or sentiment is, according to Adam Smith, only one side of the fact of moral approbation, a sense of their merit or demerit constituting the other side. An action or sentiment is proper or improper in relation to its cause, or the motive which excites it, whilst it is meritorious or the contrary in relation to its effect, or in accordance with its beneficial or hurtful tendency. It is important to notice this distinction, for it is a protest, as Adam Smith himself declares, against the theories of Dr. Hutcheson and Hume, who, he complains, had considered too much the tendency of affections, their good or bad results, whilst neglecting the relation in which they stood to their causes. This was to overlook the facts of common life, since a person's conduct and sentiments are generally regarded under both these aspects, a man receiving blame for excess of love, or gi'ief, or resentment, not only by reason of the ruinous effects they tend to produce, but also on account of the little occasion that was given for them. It is the want of proportion between a passion and its cause, as well as the sense of its disastrous effects, which make up the whole character of moral disapprobation. Whilst praise or blame are attached to the first aspect of an action or sentiment, a stronger feeling of sympathy or antipathy attaches itself to either in connexionGRA TITUDE AND RESENTMENT. 47 with their effects, a feeling that they deserve reward or punishment, a feeling in other words of their merit or demerit. As gratitude is the feeling which most directly prompts us to reward another man, and resentment that which most directly prompts us to punish him, an action will call for rew... --This text refers to the Paperback edition.

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The Economist 57

40 Vol. for 1844 (v. 2) not published. Cf. ULS 2d ed Library has: v. 70(1910)-71, 73-74, 76, 78, 80-84, 93-143, 145-153, 155(1948) + (v. 252 lacks no. 6833; v. 260 pt. 1 lacks no. 6934; v. 305 lacks no. 7522, 7527) and Current issues. Indexes: v. 294-297(1985), 298, 299, 302-305(1987); v.322-325(1992); v.326-329(1993); v.330-333(1994) 40

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Essays on political economy;

Capital and interest; That which is seen and that which is not seen; Government; What is money?; The law 26

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The Economist

40 Vol. for 1844 (v. 2) not published. Cf. ULS 2d ed Library has: v. 70(1910)-71, 73-74, 76, 78, 80-84, 93-143, 145-153, 155(1948) + (v. 252 lacks no. 6833; v. 260 pt. 1 lacks no. 6934; v. 305 lacks no. 7522, 7527) and Current issues. Indexes: v. 294-297(1985), 298, 299, 302-305(1987); v.322-325(1992); v.326-329(1993); v.330-333(1994) 40

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The Economist 29

Subtitle varies Vols. for , Air edition Vol. 1 includes all issues for 1843 and 1844; v. 2 not published Issue for Sept. 2, 1843 preceded by an issue dated Aug. 1843, called Preliminary number and prospectus Issue numbering irregular: Jan. 18, 1845-Sept. 20, 1945 Includes many supplements Also available in microfilm (mfm HC.E366) 26 45

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The Economist of Xenophon

Series title also at head of t.-p

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An essay on political economy

Cover-title

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Essays on political economy

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