Source: EconLog
by Art Carden
“In The Theory of Moral Sentiments, Adam Smith explains that we want to establish a ‘mutual sympathy of sentiments.’ We want people to agree with our views, and we want to agree with their views. Smith first expanded on this idea … before he developed his broader theory of a commercial society in An Inquiry into the Nature and Causes of the Wealth of Nations. The implications were astounding: a complex division of labor and division of knowledge, and the kind of prosperity we see today. That’s what every bid and ask in a market is: a request to cooperate through mutual sympathy with another person. It can be plainly rejected by someone who doesn’t share similar sentiments, but every opportunity to exchange is a sacred opportunity to work together with someone to mutual advantage.” (07/07/26)
https://www.econlib.org/econlog/a-mutual-sympathy-of-sentiments