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Knowledge and Coordination
Adam Smith's moral theory considered a number of sources of moral approval, and at each turn he invoked an accompanying spectator, however sketchy. In judging an action, at each turn we consult our sympathy with a spectator that is natural or proper to the occasion. In this paper I suggest that common economic talk of market communication, market error and correction, and policy error and correction similarly invokes such a spectatorial being and similarly appeals to our sympathy with suchdoi:10.1093/acprof:osobl/9780199355327.003.0014 fatcat:nvykjdv2ufcvpiclwwasdvez2e