Bernard Mandeville

In this essay, I offer a vindication of pride. I start by presenting the Christian condemnation of pride as the cardinal sin. I subsequently examine Mandeville’s line of argument whereby pride is beneficial to society, although remaining a vice for the individual. Finally, I focus on, and endorse, the analysis of pride formulated by Hume, for whom pride qualifies instead as a virtue. This is because pride not only contributes to making society flourish but also stabilizes the virtuous agent by (...) creating a virtuous circle between our desire for self-appraisal and our aspiration to act morally. I conclude by underscoring the (virtuous) connection between pride and modesty, concomitantly arguing that humility should be discarded as vicious. (shrink)

Authors from Cicero to Smith held honor to be indispensable to make people see and do what is right. As they considered honor to be a social motive, they did not think this dependence on honor was a problem. Today, we tend to see honor as a self‐regarding motive, but do not see this as problematic because we stopped seeing it as a necessary incentive. Bernard Mandeville, however, agreed with the older authors that honor is indispensable, but agreed with us (...) moderns that it is a self‐interested motive. Honor might be necessary to keep society functioning, but that does not make it less self‐serving. Mandeville thus combined the classical preoccupation with honor and the modern view of man as self‐seeking. That our motivations are self‐serving is something we wish to hide from others and ourselves; society benefits because we generally behave well in order to live up to this inflated (self‐)image. Hypocrisy is the price we pay for living together peacefully. It is this sobering view on honor that sets Mandeville apart from later authors on the subject, particularly David Hume and Adam Smith. (shrink)

In this history of the development of ideas of honor in Western philosophy, Peter Olsthoorn examines what honor is, how its meaning has changed, and whether it can still be of use. Political and moral philosophers from Cicero to John Stuart Mill thought that a sense of honor and concern for our reputation could help us to determine the proper thing to do, and just as important, provide us with the much-needed motive to do it. Today, outside of the military (...) and some other pockets of resistance, the notion of honor has become seriously out of date, while the term itself has almost disappeared from our moral language. Most of us think that people ought to do what is right based on a love for justice rather than from a concern with how we are perceived by others. Wide-ranging and accessible, the book explores the role of honor in not only philosophy but also literature and war to make the case that honor can still play an important role in contemporary life. (shrink)

Until fairly recently it was not uncommon for political theorists to hold the view that people cannot be expected to act in accordance with the public interest without some incentive. Authors such as Marcus Tullius Cicero, John Locke, David Hume and Adam Smith, for instance, held that people often act in accordance with the public interest, but more from a concern for their honour and reputation than from a concern for the greater good. Today, most authors take a more demanding (...) view, maintaining that people are to be just solely from a love for justice, not from a fear of losing face. In this article today's prevailing view, which sees honour as something obsolete and archaic and not as a legitimate motive, is contrasted with the older view that honour is important for both knowing what moral is and acting on it. Subsequently, it is argued that the ethics of honour, especially in the form it took in the works of Hume and Smith, can still be of value, exactly because it is less demanding. (shrink)

A short discussion of the emergence of the self-interest axiom during the classical phase of political economy, its roots in the previous discussion on self-love in early modern ethics and its development in the following formulation of the notion of 'homo economicus' and the definition of the agent's rationality.

A short account of the philosopher Bernard Mandeville's key ideas.

A short discussion of the notions of self-love and self-interest in early modern ethics and the shaping of political economy.

The chapter reconstructs the eighteenth-century discussion on commerce and virtue in the light of Hirschman's, Pocock's, Polanyi's, and Viner's interpretations of that discussion. The claims put forth are: the history of the emerging of modern market society has been heavily conditioned by a teleological and deterministic interpretation of history; the eighteenth-century discussion cannot be read neither in terms of ideologies nor in terms of the history of economic analysis; a 'strategic' reading is fruitful in so far as it allows two-ways (...) interactions between discourse and social facts. (shrink)

Alongside the aspects of interest in the history of ideas in general, this text is of great interest to the economist and the philosopher of economics. The parts on Smith and Marx are a demonstration of how it is possible to make a history of scientific thought that explains the incongruities of the history of thought in front of which Schumpeter stops: these incongruities cease to be mysterious, and indeed they acquire full meaning if we accept the idea of considering (...) in scientific texts not only what is said explicitly, i.e. the analytical instruments, but also the unsaid, i.e. the unspoken assumptions, traditions and ideology. (shrink)