Financial Times
Feb 17, 2023 - 7 min
The economist and philosopher argued that this often leads us to identify with those that oppress us. "In his Theory of Moral Sentiments (published in 1759), Adam Smith developed a theory of psychology based on ‘sympathy’ and outlined a way of living based on ‘reason and philosophy’. These ideas not only banish the (already disappearing) stereotype of Smith as a pioneer of free-market policies, but challenge some of our most cherished ideas about the sources of happiness." Blake Smith ponders in Psyche Magazine.