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Wordcount: 5828
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adam smith and the unintended consequences of action
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Why did Adam Smith emphasise the unintended consequences of action?
'The Theory of Moral Sentiments' was published in 1759 and was the book that Adam
Smith laid the foundations of his theories on the intellectual, social and economic climate of
the period. He later firmly consolidated these initial ideas in his major work, 'The Wealth of
Nations', and is considered today as one of the forefathers of economic and social thinking.
His main concern in his first book was the source of the ability to form moral judgements;
how is it possible to make these judgements in the face of the seemingly overriding passions
for self-preservation and self-interest ? Smith in fact believed that these instincts could
actuall
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