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27
Classics
MajorResultedContentsofDiscussiononSharedGrowth
¡ìSympathyin¡®TheTheoryof
MoralSentiments¡¯
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DetailedContents
Notes
Smith says the conditions of happiness
¢¸T h e T h e o r y o f M o r a l
BasicData
Sentiments(L), first published in
are health, being free from debt and
1.Settlementfor
-Reflectionandadjustment
Beingreflectedin
1759 by Adam Smith, is translated
1.Difficultyof
tofluctuationofprices
theexistingarticles
havingnocompunction.Andthatmeans
byParkSe-ilandMinKyung-kuk.
1.Cooperative
ofrawmetarials
it is possible to meet the requirements
¡åAdam Smith(R), written by Dome
1.Companies
-Reductioninpayment
Dakuo, is a rewritten version of
of happiness by earning money.
forunfaircontract
¡®The Theory of Moral Sentiments¡¯
Therefore, people want to make money
-Liquiditysupportfor2nd
and¡®AnInquiryintotheNatureand
CausesoftheWealthofNations.¡¯
or3rdcooperativecompanies
to gain happiness and, in this process,
AddingPoints
a country¡¯s economy grows. A wise
http://www.etnews.com
2.CooperationProfitDistribution
manwillnotseekexcessivemoneyifhe
3.BenefitSharing
Tobereflectedby
creatingnecessary
meetstherequirementsofhappiness.If,
articles
however, he is a weak man, he thinks
4.Supportand
that happiness is always proportional
InvestmentinSharedGrowth
to his wealth and will attempt to earn
¡ãThis table shows how shared growth, which includes cooperation profit
excessive quantities of money despite
distribution,isexpectedtobeimplemented
meeting the requirements. Weakness
develops a country¡¯s economy, but
aremonopolizinginterests.
society would collapse if all people
According to Woo Kyoung-bong, who translated ¡®Adam
are weak men. Smith thought wisdom
Smith,¡¯ cooperation profit distribution reflects the concerns
is essential for society. In this respect,
about the high-handedness of large companies and their trade
Smith interprets economic growth and
with small companies and the demands for rectifying the
preserving society by connecting the
inequalities.Describingthecurrentlargecompanies¡¯behavior,
conceptofsympathytothesocialphenomenon.
hesays,¡°Ifamutantlionisabletoeatgrass,adeerisdeprived
In modern society, weakness can be interpreted as large
of his own food. Similarly, it would be difficult to maintain
companies¡¯ reckless actions. ¡°Large companies are seeking
an ¡®ecosystem of business¡¯ if large companies deprive small
their profit, but they have little self-control,¡± said Koo Kyo-
companiesofbenefitthroughtheirrecklessactions.¡±Headded,
jun, professor of Department of Public Administration at
¡°Although cooperation profit distribution might hinder market
Korea University, discussing about large companies invading
efficiency,weshouldreconsiderwhatarethehonestrulesofa
the fields of small companies. In pursuing profit, it is wise to
market.¡±
practice self-restraint. However, many large companies have
little wisdom. To resolve this situation, cooperation profit
Currently, weakness is excessive in Korean society.
distributionisabletoprovidewisdomtolargecompanies.
AccordingtoSmith,asocietywithoutwisdomwouldcollapse.
Even if it is the market economy, every person can live an
ordinary life in a society with wisdom. To create a strong
society, people need wisdom. Cooperation profit distribution
¡ìSympathyinModernSociety
Human beings become impartial spectators by sympathizing
is considered to be wisdom for large companies, who are
with each other. People are divided into wise men and weak
seeking their own profit without considering others¡¯ benefit.
menthroughtheirdegreesofsympathyasimpartialspectators.
Cooperation profit distribution is a ¡®win-win¡¯ system for large
Smith said that the concept of impartial spectators can be
andsmallcompanies.Largecompaniescanbenefitfromsmall
extended to society through the sympathy of all the people.
companies¡¯ creativity and small companies can receive the
Modern society also has impartial spectators. Individuals and
benefits from the patronage. Small companies can strengthen
groups can be wise if they accept an impartial spectator¡¯s
theircompetitivenessifcooperationprofitdistributionbecomes
judgment.
effective. As, however, the implementation of cooperation
Smith said wisdom is a pillar of society. Weakness can
profit distribution is left to the discretion of companies,
develop society under this pillar. Most of the rich are seeking
ProfessorKoosaid,¡°Iflargecompanieshavelittleself-control,
excessive money in spite of meeting the conditions of
itisnecessaryforthegovernmenttoregulatethem.¡±
happiness. They are even dishonest in seeking their profits.
Cooperation profit distribution restricts large companies who
youngjoon92@hufs.ac.kr
MARCH 2012

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