Adam Smith wrote the following in The Theory of Moral Sentiments: In the practic

Question

Adam Smith wrote the following in The Theory of Moral Sentiments: In the practice of the other virtues, our conduct should rather be directed by a certain idea of propriety, by a certain taste for a particular tenor of conduct, than by any regard to a precise maxim or rule; and we should consider the end and foundation of the rule, more than the rule itself. Do you think Adam Smith adhered to positive law as his ethical standard? Was he a moral relativist? Does his quote match stakeholder analysis? What would his ethical posture be on violating the law?

Explanation / Answer

yes, what ever he said that is correct. many of the times we can understand and we consider the situations according to our view. i.e. we see, assume and expose the external world according to our mantal state and our eyes. it may or may not be true, it comes under positive laws in ethics. even morally it is relative only. he examines the moral thinking of people time, and suggests that conscience arises from dynamic and interactive social relationships through which people seek "mutual sympathy of sentiments.

yes, it includes stakeholder analysis and it covers the benefits of all the stakeholders to any firm.

he also said that the work was to explain the source of mankind's ability to form moral judgement, given that people begin life with no moral sentiments at all. based on his study and experience he proposes a theory of sympathy, in which the act of observing others and seeing the judgements they form of both others and oneself makes people aware of themselves and how others perceive their behavior.

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