4min chapter

The Joe Walker Podcast cover image

Rational Minds Part 3: Rethinking Bubbles - Vernon Smith

The Joe Walker Podcast

CHAPTER

The Theory of Moral Sentence

The trust game helped us to rediscover Adam Smith's first book on the theory of moral sentence. He soon, by the way that everyone was strictly self-interested. The reason why we do good neighborly things is because we learn to follow rules. And in fact, you don't even know what it means to hurt or benefit someone unless there's common knowledge of what's good and what's worse.

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