Adam Smith wrote the following in The Theory of Moral Sentiments: In the practice of the other virt

Jul 21st, 2016
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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?

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Adam smith, a supporting economist of that time, stressed on the predictable facets of thealtering financial system. He assumed that each structure of positive law might be look upon as adamaged effort towards an arrangement of usual law, or might be an account of the specific rulesof fairness. Occasionally what is known as the establishment of the state, the importance of theadministration; at times the concern of specific instructions of man who oppress theadministration, distort the positive laws of the nation as of what natural justice would lay down.In none of the country does the c

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