In The Theory of Moral Sentiments, Adam Smith delineates between general rules of conduct and morality that are precise and accurate, and rules that are loose, vague, and indeterminate. In a loose, vague, and indeterminate way, Smith’s characterization of the rules of conduct and morality may...

Martin Pánek asked me to write a Foreword to a new edition of a Czech translation of Adam Smith’s The Theory of Moral Sentiments. He gave me permission to post my original English-language text here. The book will be published by the Liberální Institut, edited by Pavel Chalupníček,...