Daniel Klein on Smith's Theory of Moral Sentiments

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Loose, Vague, and Indeterminate

George Mason Economics Society

14 episodes

4 days ago

Loose, Vague, and Indeterminate is the podcast of the Economics Society at George Mason University. The title is a phrase used by Adam Smith in The Theory of Moral Sentiments to describe the set of rules that are not "precise and accurate." Since economics is all about people and the decisions they make, very little of it is precise and accurate. Every Friday, this podcast dives into the looseness, vagueness, and indeterminacy with interviews of undergraduate students, graduate students, professors, and outsiders exploring economics from all angles.

Social Sciences

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Social Sciences

Science

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Daniel Klein on Smith's Theory of Moral Sentiments

Loose, Vague, and Indeterminate

43 minutes 42 seconds

6 years ago

Daniel Klein on Smith's Theory of Moral Sentiments

“Loose, vague, and indeterminate” is a phrase from Adam Smith’s 1759 book, The Theory of Moral Sentiments (TMS). To explain what that phrase means, Prof. Daniel Klein, a Smith expert, is our first guest. We dive into TMS and talk about how scholars view the book, how Smith breaks down justice, and how the book relates to our lives today.