Out of sight, out of mind: Modern economics, social interactions, and Smith´s sympathy

Andrés Álvarez and Jimena Hurtado Prieto

No 9312, Documentos CEDE from Universidad de los Andes, Facultad de Economía, CEDE

Abstract: After having reviewed some of the recent advances in Economics trying to incorporate new elements in our understanding of human interactions, we aim at contributing to this line of research using Adam Smith´s system of sympathy. The features Smithattributes to the intersubjective identification mechanism of sympathy lead not only to conceive the construction of a community but also the possibility of exclusion of some of its members. The asymmetry of sympathy allows explaining emulationof those seen as more fortunate as well as the exclusion of those perceived as miserable. Through a formal representation we try to illustrate the phenomena of inclusion and exclusion present in intersubjetive relations and the construction of communities.Keywords: Adam Smith, sympathy, emulation, exclusion.JEL Codes: B12, B31, D03.

Keywords: Adam Smith; sympathy; emulation; exclusion (search for similar items in EconPapers)
JEL-codes: B12 B31 D03 (search for similar items in EconPapers)
Pages: 28
Date: 2012-01-11
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000089:009312

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