Economics Dictionary of Arguments

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Judgments: A judgment differs from a statement in that it also asserts the truth of its content. In logic, this is expressed with a graphical emphasis, the judgment stroke. See also Truth, Statements, Assertions.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Adam Smith on Judgments - Dictionary of Arguments

Otteson I 15
Judgment/Adam Smith/Otteson: [The] process of mutual adjustment results in the gradual development of shared habits, and then rules, of behavior and judgment about matters ranging from etiquette to moral duty. This process also gives rise, Smith argues, to an ultimate standard of moral judgment, what he calls the “impartial spectator,” whose imagined perspective we use to judge both our own and others’ conduct.
Ideal observer: The “impartial spectator” is not, according to Smith, a mysterious entity: it is the amalgamation of our lifetime of experiences of judgment.
>Sympathy/Adam Smith
.
When we see how people judge other’s behavior and our own, when we see how we ourselves judge others’ behavior and our own, this is data on the basis of which we slowly develop our judgment. Over time we construct a set of principles upon which we rely to judge both ourselves and others.
>Principles.
As we mature, this set of principles gradually coalesces into an increasingly coherent picture of virtue and vice, of propriety and impropriety. It becomes the standard against which we judge human behavior.
>Developmental stages, >Behavior, >Community.
When we use it to judge our own conduct, it constitutes what we call our conscience.
>Ideal observer/Smith, >Impartiality, >Stages of Development/Adam Smith.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconSmith I
Adam Smith
The Theory of Moral Sentiments London 2010

EconSmithV I
Vernon L. Smith
Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009

Otteson I
James R. Otteson
The Essential Adam Smith Vancouver: Fraser Institute. 2018


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