Impartial Spectating and the Price Analogy
Read this article
- Access statistics
- 2,464 article downloads
- 8,129 complete issue downloads
- Total: 10,593
In this discussion of Adam Smith’s impartial spectator I draw an analogy between the impartial spectator and prices. In both cases we have a socially rooted yet generally impersonal phenomenon. The price analogy also helps in realizing that ‘impartial spectating’ may be a term that has multiple dimensions. I argue that one dimension in particular is at the heart of the meaning of the impartial spectator.