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EconTalk

Michael Munger on How Adam Smith Solved the Trolley Problem

Sep 18, 2023
Michael Munger, a professor at Duke University and host of "The Answer is Transaction Costs," dives into the philosophical depths of the trolley problem, connecting it to Adam Smith's insights. Munger discusses how Smith's ideas challenge conventional views on empathy and self-interest. The conversation touches on effective altruism, the moral implications from historical events, and the disconnect in our emotional responses to distant tragedies. They explore how context shapes our moral choices and the complexities of ethical decision-making.
01:11:28

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Podcast summary created with Snipd AI

Quick takeaways

  • Adam Smith's moral agency framework can help us understand our different reactions in moral dilemmas like the trolley problem.
  • Capitalism, as part of a broader social context, can promote empathy, reciprocity, and the pursuit of mutual gain.

Deep dives

The puzzle of caring more about our own well-being than others

Adam Smith poses the puzzle of why we care more about our own well-being, such as losing a finger, than the well-being of others, even if it involves the loss of many lives. Smith acknowledges that we are naturally inclined to prioritize our self-interests and be less concerned about the suffering of distant others. However, he argues that acting on this inclination and causing harm to others in order to benefit ourselves goes against our conscience and our sense of propriety. Smith suggests that our capacity for moral agency, guided by reason, principle, and an impartial spectator, leads us to value not just being loved, but being lovely. That is, earning the respect, admiration, and praise of others by acting in ways that are deemed noble and moral.

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