Why seek out the statue of Adam Smith when visiting Edinburgh?

When I visited Britain in August I was pleased to see the image of Adam Smith on £20 notes. I was even more pleased to find a statue of Adam Smith in Edinburgh.

The statue, by Andrew Stoddart, stands in the Royal Mile, in High Street, next to St Giles Cathedral and opposite Edinburgh's City Chambers. It is not difficult to find.

Unfortunately, it seems that the birds are not treating Adam Smith with the respect he deserves, but I doubt that he would care.

I went looking for Adam Smith because he is the father of modern economics and because his views on the benefits of specialization and free trade have contributed to a vast improvement in living standards over much of the world over the last couple of centuries. But I suppose that is the kind of thing that might be said by anyone who views himself as a disciple of Adam Smith.

When asked to be more specific about Adam Smith’s contributions, people who are familiar with his writings tend to emphasize different things. One important contribution lies in fundamental thesis of Wealth of Nations that the extent to which people are able to enjoy ‘the necessaries and conveniences of life’ depends largely on labour productivity – ‘the productive powers of labour’. Economists debate whether Smith told the right story about productivity growth – perhaps he gave too much emphasis to capital accumulation, gains from specialization and scale economies, rather than to technological progress. I think the important point is that Smith understood and emphasized the importance of economic freedom in promoting productive use of resources (including good management) as well as an efficient allocation of resources among industries.

Mention of economic freedom brings me to the contribution that Smith made in pointing out the role of the ‘invisible hand’ of the market in translating the pursuits of individuals into desirable social outcomes. Smith noted:

‘It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest’.

Smith would not have approved of that oft-quoted sentence from Wealth of Nations being interpreted as implying that butchers, brewers, bakers and other people engaged in business activities pursue only selfish interests.  In The Theory of Moral Sentiments, Smith wrote:

‘How selfish soever man may be supposed, there are evidently some principles in his nature which interest him in the fortune of others and render their happiness necessary to him though he derives nothing from it except the pleasure of seeing it’.

Smith also made a major contribution in explaining that the visible hand of government is often far from benign. I particularly like a passage in The Theory of Moral Sentiments about the consequences of being governed by ‘the man of system’ – a political leader who is ‘apt to be very wise in his own conceit’. Smith suggests that the ‘man of system’ imagines that ‘he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess board’. He fails to consider that ‘in the great chess board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress upon it’. Smith points out that when the visible hand of government is attempting to regulate the individual members of society, it is likely that ‘the game will go on miserably, and the society must be at all times in the highest degree of disorder’. (See: TMS, VI.ii.2.17).

I think Smith’s greatest contribution was in promoting the idea that a ‘system of natural liberty’ can establish itself ‘of its own accord’, when the role of government is confined to duties of ‘great importance’ that could not otherwise be performed. We should never lose sight of Smith’s vision of natural liberty:

‘Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest in his own way, and to bring forth both his industry and capital into competition with those of any other man, or order of men. The sovereign is completely discharged from a duty [for which] no human wisdom or knowledge could ever be sufficient; the duty of superintending the industry of private people, and of directing it towards the employments most suitable to the interest of the society’. (See: WN, IV.ix.51).

Is there no nook of English ground secure from rash assault?

The question is from the first lines of a poem by William Wordsworth, written in 1841 in protest against plans for construction of the Kendall to Windermere railway in the Lakes District of England.

Wordsworth was not impressed by the view that the railway would place the beauty of the Lakes District within easier reach of these who would not otherwise have access to it. He described such arguments as: ‘Utilitarianism, serving as a mask for cupidity and gambling speculations’. Environmentalists sometimes advance similar arguments these days, but few are as rash as Wordsworth. The famous poet suggested that an appreciation of the beauty of romantic scenery was beyond the capability of ordinary people:

‘Rocks and mountains, torrents and widespread waters, and all those features of nature which go to the composition of such scenes as this part of England is distinguished for, cannot, in their finer relations, to the human mind be comprehended, even very imperfectly conceived, without processes of culture or opportunities of observation in some degree habitual’.

Our rash assault on Lake Windermere took place late in August, via the steam train from Haverthwaite to Lakeside.

It is hard to imagine that any reader of this blog would have difficulty in appreciating the beauty of Lake Windermere, but I will nevertheless add some of Wordsworth’s poetry below my photos.

Standing alone, as from a rampart’s edge,

I overlooked the bed of Windermere,

Like a vast river, stretching in the sun.

With exultation, at my feet I saw

Lake, islands, promontories, gleaming bays,

A universe of Nature’s fairest forms

Proudly revealed with instantaneous burst,

Magnificent, and beautiful, and gay.

(William Wordsworth, The Prelude Book IV)

After our cruise on Lake Windermere we visited Grasmere.

Rest in peace, William Wordsworth. I hope our visit did not disturb you too much. We were only in your beautiful Lakes District for one day. 

John Stuart Mill, one of the most famous advocates of utilitarianism, walked all over your Lakes District for the best part of a month in July-August 1831 and even spent about 4 days walking and talking with you.

After visiting Wordsworth, Mill told a good friend, John Sterling:

 ‘all my differences with him [Wordsworth], or any other philosophic Tory, would be differences of matter-of-fact or detail, while my differences with the radicals and utilitarians are differences of principle’. (See: Richard Reeves, John Stuart Mill, 2007, p 74.)

The best explanation of Mill’s views at that time seems to be that he was somewhat confused after setting out to expose himself to a variety of different views opposed to radical utilitarianism - the secular religion of his youth. Mill did this following a mental crisis which he attributed to realization that even if all his (radical utilitarian) objectives were realized, he would not be filled with ‘great joy and happiness’. In addition to the views of Wordsworth, Mill became strongly influenced at that time by French secular messiahs, Saint-Simon and Auguste Compte. (Mill’s involvement in that brand of secular religion has been examined by Linda Reader in her book, John Stuart Mill and the Religion of Humanity, 2002.)

Mill embraced the poetry of Wordsworth because it helped him to achieve a more tranquil mental state. I expect that vast numbers of people have been similarly helped by the imagery of the Lakes District conveyed by Wordsworth’s poetry. 

Do I understand the meaning of W B Yeats' epitaph?

I know that poetry can sometimes convey thoughts and feelings that tend to get lost in prose. Nevertheless, I don’t read much poetry. Reading poetry has always seemed like something that I could do when I become older.

Even so, I have recently been reading some of the poetry of W B Yeats. My interest was aroused by the epitaph on his gravestone in the cemetery of St Columba’s Parish Church at Drumcliffe in County Sligo, when we visited Ireland during August.

What could Yeats have meant by suggesting that we should cast ‘a cold Eye’ on ‘Life’?

Before trying to answer that question it may be worth considering why we should care what Yeats meant. I think we should show some interest because he has been widely held to have been a literary genius. He won the Nobel Prize for Literature in 1923, for what the Nobel Committee described as ‘inspired poetry, which in a highly artistic form gives expression to the spirit of a whole nation’. His poem, ‘Easter 1916’, about the participants in the rebellion that occurred at that time in Ireland, comes to mind as a poem that might warrant that description.

Beside the grounds of St Columba’s is this artistic feature, sculpted by Jackie McKenna.

The figure is called ‘He Wishes for the Cloths of Heaven’, after Yeats’ poem of the same name, and the poem is laid out in front of him:

‘Had I the heavens' embroidered cloths,

Enwrought with golden and silver light,

The blue and the dim and the dark cloths

Of night and light and the half-light,

I would spread the cloths under your feet:

But I, being poor, have only my dreams;

I have spread my dreams under your feet;

Tread softly because you tread on my dreams’.

Yeats seems to be widely esteemed in this part of the world. This statue of Yeats can be found in Sligo.

There is also a Yeats memorial building in Sligo, with displays providing information about his links with that region and other aspects of his life.

There is a Yeats exhibition at the National Library in Dublin, which contained among other things his response to a questionnaire about creative effort. I was permitted to take some photos:

Yeats’ suggests that his creative efforts always involved day-dreaming. He never waited passively for inspiration and always worked systematically regardless of inspiration. He claims that his critical ability was always active in his creative efforts.

Yeats’ epitaph is the last stanza of his poem, ‘Under Ben Bulben’. Ben Bulben is a mountain close to where Yeats is buried.

In a small booklet, entitled ‘The Eye of the Heart’, available at St Columba’s church, Derick Bingham suggests that Yeats is saying:

‘If you are looking for answers as to what lies behind life and death, I can’t help you. You must look somewhere else. Horsemen, pass by’.

That is one possible interpretation.

However, reading the epitaph in the context of the poem, it seems that the horseman referred to is mythical superhuman creature ‘with an air of immortality’. We are told in the poem that such horsemen and women now ‘ride the wintry dawn’ ‘where Ben Bulben sets the scene’.

I think the key to the meaning that Yeats was intending to convey is in the following lines:

‘Many times man lives and dies

Between his two eternities,

That of race and that of soul,

And ancient Ireland knew it all’.

I think Yeats wants us to view life and death through the cold eyes of mythical god-like beings of the ancient world.

That perspective leaves me cold. Is it not better to look at life and death through human eyes? Perhaps contemplating whether those who have gone before have had happy lives can help us to consider how best to live our own lives.

Postscript
This is one of the most popular posts on my blog. I urge visitors to take a look at the comments provided below, some of which disagree with my understanding of the epitaph.

Postscript 2: April 6, 2020
A followup post with comment by Beth Prescott has now been posted: See: What did Yeats mean by "Horseman, pass by"? 

Should we choose eudaimonia over hedonia?

Last week my attention was drawn to the findings of some recent research, led by Barbara Fredrickson, which suggests that eudaimonia – which can be described in broad terms as a sense of wellbeing associated with a noble purpose or engagement in meaningful activities - provides positive health benefits in protecting against a variety of human ills, including arthritis, heart disease and viral infection. By contrast, the study suggests that hedonia – a sense of happiness associated with pleasure, satisfaction and self-gratification – has the opposite effects.

The findings are noteworthy because previous research has suggested that both eudaimonia and hedonia are associated with improved physical and mental health outcomes. I feel more inspired than surprised by the findings. Like many other people I was brought up to believe that a noble purpose can be protective, but in adult life I viewed that as more a matter of faith than anything else. It is interesting to learn there may be a scientific basis for such beliefs.

The research combined psychology tests to determine the nature of happiness experienced by 80 healthy adults with a health check and test of blood samples to assess gene expression associated with chronic stress and antiviral responses. Barbara Fredrickson is a psychology professor at the University of North Carolina. On this project she collaborated with a team led by Steven Cole, professor of medicine and psychiatry, at the University of California. (The research findings have been published in PNAS.)

Like previous studies, this study indicated that there is a relatively high correlation observed between eudaimonic and hedonic indicators of happiness (r= 0.79). People who score highly in terms of eudaimonic happiness tend also to score highly in terms of hedonic happiness, and vice versa, but there was nevertheless sufficient difference to enable the impacts of eudaimonia and hedonia to be disentangled.

The authors’ conclusion is a bit complicated, but it seems to be implying that if the ‘good life’ means a long and healthy life, then eudaimonic wellbeing is superior to hedonic wellbeing.

 However, there are some important qualifications noted in the discussion:

‘In interpreting these results, it is important to note that hedonic and eudaimonic well-being are not mutually exclusive approaches to happiness, nor do they represent a simple typology or a tradeoff. Both types of well-being share some common sources (e.g., perceived social connections) and can reciprocally influence one another [i.e., positive affect predisposes people to find positive meaning, and finding positive meaning increases positive affect]. As such, the current finding that a purified index of eudaimonic well-being (purged of shared variance with hedonia) predicts a more favourable pattern of gene expression than does a purified index of hedonic well-being (purged of shared variance with eudaimonia) says more about which form of well-being one would not want to do without, rather than which form one would be better to avoid. For people in whom one form of well-being outweighs the other, striving predominately toward meaning may have more favourable effects on health than striving predominately toward positive affect per se’. (References to cited works have been omitted from the quote.)

I struggle to understand what some of that paragraph means – the findings of the study seem to me to suggest that some kind of trade-off between eudaimonia and hedonia must be involved, despite the existence of complementarity. The issues involved appear a little clearer, however, when I bring my training in economics to bear and think in terms of a possibilities curve that surrounds all the combinations of eudaimonia and hedonia that it might be possible for an individual to achieve.

I have drawn the possibilities curve to depict a trade-off between hedonia and eudaimonia at most of the attainable points (i.e. between A and B) but allowing some regions where single-minded pursuit of either hedonia or eudaimonia might result in inferior outcomes. I draw the curve as concave to the origin over most of its length because I imagine that the eudaimonic benefits we can obtain by sacrificing a unit of hedonic benefits would tend to diminish as we sacrifice more and more hedonic benefits. My reasoning is that there are likely to be diminishing returns to devoting time both to activities that produce high hedonic benefits and activities that produce high eudaimonic benefits. I expect that single minded pursuit of hedonia might be counterproductive for the same reason that J S Mill argued that happiness cannot be obtained by seeking it (as discussed here previously). And I expect that single minded pursuit of eudaimonia might be counterproductive for the same reason that Aristotle argued that we need amusement – ‘for amusement is a sort of relaxation, and we need relaxation because we cannot work continuously’. (That comes from the passage in Nicomachean Ethics Book X, where Aristotle suggests that it would, indeed, be strange if amusement was your purpose in life and you were to take trouble and suffer hardship all your life just in order to amuse yourself.)

The sentence in the paragraph quoted above about the findings saying more about ‘which form of well-being one would not want to do without, rather than which form one would be better to avoid’, seems to envisage a person who is at a point inside the possibilities curve, such as the point at the question mark. A person in that position might be considering whether to seek to become happier by moving in the direction of point H or point E.

I should emphasize that the possibilities curve I have drawn is based mainly on my speculations and may not be related to what Barbara Fredrickson and her colleagues have in mind.

However, I think my diagram may have some value in considering the information and practical wisdom we need to make sensible decisions about how we live our lives:

• ·         First, we need to know ourselves well enough to know where we stand at present relative to the possibilities that are available to us.
• ·         Second, additional information (such as the findings about potential health consequences in the study discussed above) has potential to help us to choose wisely among the possibilities that are available.

My final point is the same as the point I made a few years ago in discussing whether J S Mill was correct in his rejection of Jeremy Bentham’s claim that pushpin is a good as poetry. There doesn’t seem to me to be much point in arguing whether eudaimonia is or is not superior to hedonia. The important issue is about obtaining balance in one’s life.