{"product_id":"the-adam-smith-problem-a-misunderstanding-of-human-behaviour-von-moatez-chaouachi","title":"The Adam Smith Problem","description":"\u003cp\u003eScientific Essay from the year 2012 in the subject Economics - History, grade: First, London Metropolitan University, language: English, abstract: In Wealth of Nations, Smith vehemently cited that economic practices were motivated by the principle of self-interest. On the other hand, Smith argued that economic behaviour was mainly determined by sympathy, a sentimental phenomenon that is prominent in the Theory of Moral Sentiments. As such, these two works present a moral dilemma as to whether the human behaviour in economy is motivated by self-interests or sympathy. In effect, the Adam Smith Problem revolves around the presumption that economic behaviour is driven by both social interest of benevolence and private interest of self-love. This paper presents a critical analysis of this problem. In details, the paper seeks to determine the extent to which the problem is based on a misunderstanding of human behaviour.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656240594\"\u003e\u003ch3\u003eA misunderstanding of Human behaviour\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656240594","offer_id":39433141452893,"sku":"9783656240594","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/d81fd508-fd7b-4430-9a27-d739c55f7ecf.jpg?v=1777958760","url":"https:\/\/shop.autorenwelt.de\/products\/the-adam-smith-problem-a-misunderstanding-of-human-behaviour-von-moatez-chaouachi","provider":"Autorenwelt Shop","version":"1.0","type":"link"}