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- W4249797243 abstract "This chapter argues that when it comes to evaluating social institutions, Adam Smith is a particular kind of consequentialist, one who favors the welfare of the working poor. This is illustrated by way of first, the so-called real price, Smith’s central measure of welfare in the <italic>Wealth of Nations</italic>, and, second, Smith’s proposed progressive tax regime. The chapter also argues that Smith’s consequentialism should be distinguished from utilitarianism. The chapter then turns to a consideration of what might explain Smith’s theoretical bias toward the working poor. It closes with a discussion of the principles that, according to Smith, govern the duties of the legislator and an analysis of Smith’s account of liberty." @default.
- W4249797243 created "2022-05-12" @default.
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- W4249797243 date "2017-10-19" @default.
- W4249797243 modified "2023-09-25" @default.
- W4249797243 title "Social Institutions and Consequentialism" @default.
- W4249797243 doi "https://doi.org/10.1093/oso/9780190690120.003.0008" @default.
- W4249797243 hasPublicationYear "2017" @default.
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