Of the beauty which the appearance of utility bestows all the production of art, and of the extensive influence of the species of beauty

Vernon L. Smith ()
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Vernon L. Smith: Chapman University

Chapter Chapter 30 in Adam Smith’s Theory of Society, 2025, pp 313-324 from Springer

Abstract: Abstract It is right and appropriate that utility has been recognized as a source of universal pleasure in the fitness of a vast number of items in our surroundings to the convenienceConvenience (and Inconvenience) of our daily existence. Utilitarian services, however, are to be understood as deriving from a system, itself not embodied or embodiable in a utilitySocietyand utility function! This is the key to understanding and modeling society and to understanding Smith’s lasting legacy and relevance to the contemporary continuing evolution of society.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-68494-4_30

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DOI: 10.1007/978-3-031-68494-4_30

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