Secondly, it leads people to become biased to the attitudes and interests of the society rather than helping them to act impartially with all human beings. Lastly, the view of Adam Smith is unclearly justified.
This essay will analyse Adam Smith’s views about living a good life and its criticisms. First, the essay examines Adam Smith’s view on the issue and its strengths and weaknesses. The essay will also highlight the criticisms of Smith’s view and their strengths and weaknesses. Lastly, it will provide my position about the issue. In this essay I will conclude that the virtues of justice, prudence, and beneficences are very essential. but they are not sufficient for a good life. Other considerations that need to be observed include rationality, human development and scientific approach of solving problems. These additional factors work with the moral virtues suggested by Adam Smith to enable the society achieve good life while meeting the interests of human beings without bias. Being happy is enhanced by living morally and having enough resources to support individuals and societies to solve their problems and resources. Therefore, human development in terms of social, economic and political advancement supports human life and enables people to live morally and happily.
In the book The Theory of Moral Sentiments, Smith attempts to explain the source of morality, and why people exhibit virtues and decency even if they may conflict with their self-interest (Roberts, 2014). In the opening sentence of the book, Smith argues that even though human beings may be selfish, they still care about the happiness of other people (Roberts, 2014). Although one may not benefit from the happiness of others, they are usually pleased to see that they are happy. Smith argues that a human being should be totally virtuous in order for the economic system to function in such a way that it can maximize wealth.