Klein reframes Smithian virtue not as whether one acts in self-interest but as what one makes one's self-interest: beneficence and virtue reside in constructing a utility function—a character and identity—from which one derives pleasure in doing the right thing, and this constructed self-interest is itself subject to ongoing recursive judgment that pushes the moral circle ever wider (from self to family to community).

definitionpending

Speaker

Dan Klein

Evidence Quote

virtue resides in what one makes their self-interest.

Source

Dan Klein on The Theory of Moral Sentiments, Episode 4--A Discussion of Part III 04/29/2009EconTalk
Created: 6/15/2026, 9:36:51 AM

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