Why people recommend it
The Theory of Moral Sentiments is a foundational work of moral philosophy and economics written by Adam Smith, exploring the psychological drivers of human behavior beyond pure self-interest. Russ Roberts spoke on Freakonomics Radio about how reading Smith's text fundamentally shifted his perspective on human motivation, leading him to write a book aimed at reintroducing this forgotten masterpiece to contemporary readers. Glory Liu discussed the generally warm initial historical reception of the book in London and American magazines, while Dennis Rasmussen examined how sympathy functions within Smith's framework, noting that modern scholars view his arguments as entirely compatible with his later economic writings rather than contradictory. Stephen Dubner also highlighted a specific passage that Roberts focused on extensively during their discussion. Furthermore, Dr. Jennifer Baker brought up the work on The Daily Stoic in conversation with Ryan Holiday, citing the title while exploring the complex intersections between ancient stoic philosophy, human sympathy, and broader systems of moral and economic thought. Together, these podcast segments demonstrate how Smith's early philosophical exploration continues to provoke rigorous debate among modern thinkers trying to understand why humans act altruistically.
Who recommended it
- Russ Roberts Recommended
- Ryan Holiday Discussed
- Peter Singer Discussed
- Angela Duckworth Discussed
- Stephen Dubner Discussed
- Dr. Jennifer Baker Discussed
- Glory Liu Discussed
- Dennis Rasmussen Discussed
- Vivek Ramaswamy Discussed
- Niall Ferguson Discussed
- Steve Levitt Discussed
- Tyler Cowen Discussed
- Glenn Beck Discussed
Russ Roberts — 5 mentions
“So, my book is an attempt to bring to the modern reader Adam Smith's forgotten masterpiece, The Theory of Moral Sentiments. The Theory of Moral Sentiments tries to answer the question, why do we do anything that isn't just for ourselves?”
“I don't think there's anything in the Theory of Moral Sentiments that is an indictment of what we would normally call free market economics.”
“When I read Adam Smith's book The Theory of Moral Sentiments, I realized that you know, there's a lot of other things that push and pull people. Now, come on. Didn't you know that before? Of course I did. But reading Smith forced me to think of it”
“Adam Smith's forgotten Masterpiece the ethereum oral sentiments”
“and it's consistent with what uh Adam Smith says in uh his theory of moral sentiments he says when you have a really horrible trip”
Ryan Holiday — 3 mentions
“Adam Smith wrote this book called the theory of moral sentiments before he wrote ”
“Adam Smith before he wrote a Wealth of Nations he wrote this philosophy book he was S taught by by a professor who's big fan of this toes and it's called a theory of moral sentiments”
“Adam Smith once said that we think of him as this ruthless practitioner or philosopher of capitalism, but he also wrote a book called 'Theory of Moral Sentiments' about how we should be good people.”
Peter Singer — 3 mentions
“You're referring to the Adam Smith of The Wealth of Nations but there's also the Adam Smith of the theory of moral sentiments and I think that the distinction between the two is that in the theory of moral sentiments Smith is lying at a moral theory”
“You're referring to the Adam Smith of The Wealth of Nations, but there's also the Adam Smith of The Theory of Moral Sentiments.”
“You're referring to the Adam Smith of The Wealth of Nations but there's also the Adam Smith of the theory of moral sentiments”
Angela Duckworth — 3 mentions
“well the theory of moral sentiments yeah but in the theory of moral sentiment Smith wrote about this”
“Well, the Theory of Moral Sentiments...”
“let me read a little chunk this is a very very famous piece of theory moral sentiments”
Stephen Dubner — 2 mentions
“There's one passage from The Theory of Moral Sentiments that Roberts a lot of time on in his book. If you're going to read just one paragraph of The Theory of Moral Sentiments, this might be the one.”
“the theory of moral sentiments was his big moral philosophy book here's what he wrote how selfish soever man may be supposed there are evidently some principles in his nature which interest him in the fortune of others and render their happiness necessary to him though he derives nothing from it except the pleasure of seeing it”
Dr. Jennifer Baker — 2 mentions
“it's like have you read um a theory of moral sentiments yeah it's so hard for me cu the stoicism comes in and out”
“it's like have you read um a theory of moral sentiments”
Glory Liu — 1 mention
“The initial reception of The Theory of Moral Sentiments was quite warm. That's Glory Liu, a political scientist and reviews in London magazines, as well as in the United States, are praising Smith for the beauty of his writing.”
Dennis Rasmussen — 1 mention
“I think most Smith scholars today would say that this problem isn't a problem, that the two are perfectly compatible. Sympathy in The Theory of Moral Sentiments doesn't entail or require any kind of altruism or other directedness.”
Vivek Ramaswamy — 1 mention
“Adam Smith's first book was actually about ethics”
Niall Ferguson — 1 mention
“and the Scottish Enlightenment which after all produced some of the greatest ideas human beings have ever had think of Adam Smith's contribution The Wealth of Nations the theory of moral sentiments that's the kind of intellectual Legacy that I think of myself as being responsible for”
Steve Levitt — 1 mention
“You're referring to the Adam Smith of The Wealth of Nations, but there's also the Adam Smith of The Theory of Moral Sentiments.”
Tyler Cowen — 1 mention
“adam smith's theory of moral sentiments as a book over or underrated”
Glenn Beck — 1 mention
“the first volume is Moral Sentiments”
Mentioned on the show without a named speaker — 23
“because when Adam Smith said that we all want to be praised and we all want to be praise worthy I think it was in a theory of moral sentiments”
“She didn't read the first book, The Theory of Moral Sentiments, clearly, but she read the second one and did use that as an authority to promote her economic theories and activities and policies.”
“It's in The Theory of Moral Sentiments, but it's understood in a richer context in The Theory of Moral Sentiments.”
“Some people have suggested that, and they've said that if you look at some of the changes made to the very final edition of The Theory of Moral Sentiments after she had passed away, some of the passages might be interpreted as reducing the religious context.”
“While he was able to make meaningful revisions to The Theory of Moral Sentiments and The Wealth of Nations during his time at Panmure, he was also, unfortunately, really busy with his day job.”
“I know The Wealth of Nations is the most famous book, but for me, as mentioned earlier, it's the Theory of Moral Sentiments that serves as the true guide.”
“Maybe you have read some of Smith's first book, The Theory of Moral Sentiments, but probably not.”
“And these are the questions that animate Smith's first book, The Theory of Moral Sentiments.”
“It doesn't say The Theory of Moral Sentiments, but The Theory of Moral Sentiments tells you so much more about Smith than what The Wealth of Nations does.”
“I think my understanding of Smith has moved on; that would have been the book which people would have recognized, but for Smith, of course, there's no question about it, The Theory of Moral Sentiments is an extremely important book.”
“You see the humanity and understanding of people from The Theory of Moral Sentiments even more so than from The Wealth of Nations.”
“Coming up, we hear from one Smith scholar who agrees that The Theory of Moral Sentiments is the more interesting, richer, and in many ways, the more innovative of the two books.”
“There were just the two books: The Theory of Moral Sentiments and The Wealth of Nations, with multiple editions of each since he was an inveterate reviser.”
“If you read both of Adam Smith's major works, The Theory of Moral Sentiments and The Wealth of Nations, you might conclude that there is not just one Adam Smith but two.”
“Glory Liu discusses this theory, which posits that Smith changed his mind or had a change of heart between writing The Theory of Moral Sentiments in 1759 and The Wealth of Nations in 1776.”
“The concepts of sympathy in The Theory of Moral Sentiments and self-interest in The Wealth of Nations are perfectly compatible.”
“I think the real Adam Smith Problem is that most economists and politicians who refer to The Wealth of Nations for guidance have simply not read The Theory of Moral Sentiments.”
“There’s one passage from The Theory of Moral Sentiments that Roberts emphasizes heavily in his book.”
“If you're going to read just one paragraph from this work, this might be the one: Man naturally desires not only to be loved but also to be lovely or to be the proper object of love; He naturally dreads not only to be hated but also to be hateful or to be the proper object of hatred; He desires”
“After reading The Theory of Moral Sentiments and pondering its content, did your economist colleagues think you had softened?”
“Thus, I want to know how the act of reading The Theory of Moral Sentiments affected you.”
“Yet, reading The Theory of Moral Sentiments made me realize that many other influences affect us.”
“Throughout these recent episodes, we have likewise been reevaluating Adam Smith, hoping that it too will yield benefits.”
Also mentioned in the same episodes
- The Wealth of Nations
- Meditations
- Animal Liberation
- A New Stoicism
- A Portrait of the Artist as a Young Man
- A Study in Scarlet
Other mentions (9: passing, ad reads, own books)
“Smith had never been accused of being a fast writer, and it turned out to be 17 years between the publication of The Theory of Moral Sentiments and the release of his second and final book, The Wealth of Nations.”
“If you do read Adam Smith, and you read both his books, The Theory of Moral Sentiments and The Wealth of Nations, you might conclude there is not one Adam Smith, but two Adam Smiths.”
“As Dennis Rasmussen just explained, it is not so hard to reconcile The Wealth of Nations Adam Smith and The Theory of Moral Sentiments Adam Smith.”
“and the Scottish Enlightenment which after all produced uh some of the greatest ideas human beings have ever had think of Adam Smith's contribution The Wealth of Nations the theory of moral sentiments that's the kind of intellectual Legacy that I think of myself as being uh uh responsible for”
“It was in this 17th century building that Smith completed the final editions of his two masterworks: The Theory of Moral Sentiments and, of course, The Wealth of Nations.”
“I'm sure he'd have risen with the sun and done some work on his revisions to The Theory of Moral Sentiments and The Wealth of Nations before he put on his dress coat and wandered up Edinburgh's beautiful Royal Mile.”
“The Theory of Moral Sentiments, The Wealth of Nations; those were the books Adam Smith left behind.”
“we he even gave us a shout out for the book and he read it and he endorsed it”
“Adam Smith the father of capitalism was also living with his mother when he wrote the Moral Sentiments man and the wealth of nations”