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Two Moments of Impartial Spectators, Four Genera of Satisfactions: Making Sense of The Theory of Moral Sentiments

Published online by Cambridge University Press:  12 October 2026

Elias L. Khalil*
Affiliation:
School of Economics, Administration and Public Policy, Doha Institute for Graduate Studies, Qatar
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Abstract

This paper reconstructs Adam Smith’s theory of human behavior à la rational choice theory. The reconstruction shows how the emotions and morality are different phases of rationality. The reconstruction is based on two sets of distinctions. The first distinguishes between two moments of rationality: (i) the rationality of making the best decisions; and (ii) the rationality of commanding those decisions. The second set includes four genera of satisfaction: (1) substantive satisfaction arises upon consuming pecuniary goods, e.g., food and clothes; (2) transcendent satisfaction takes place when the decision maker bonds with loved ones and aspires great goals; (3) self-possession satisfaction is the “warm glow” that emerges as a by-product of keeping promises, which occasions integrity, and avoiding excessive bonding and attachments, which occasion dignity; and (4) worthiness satisfaction emerges as a by-product of choosing worthy acts, i.e., acts free of toxic preferences (self-aggrandizement and malevolence).

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Type
Articles
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited.
Copyright
© The Author(s), 2026. Published by Cambridge University Press
Figure 0

Table 1. Six Meanings of fellow-feelingTable 1 long description.