Adam Smith distinguished two kinds of rules: definite and exact rules (like grammar, where criticism is only negative and merely meeting them earns no praise) versus loose, vague and indeterminate aspirational rules (like those for sublime writing, art and beauty), and much of economic conversation belongs to the latter aesthetic realm despite economists' science-pretensions.

definitionpending

Speaker

Dan Klein

Evidence Quote

One type is he calls definite and exact and it gives the example of grammar... and he contrasts that with the rules for sublime and elegant writing okay a kind of Woodlawn fuller calls aspirational rules

Source

Dan Klein on Coordination and Cooperation 02/04/2008EconTalk
Created: 6/15/2026, 9:36:53 AM

My Notes

Loading notes...