Liberty Matters
Buchanan and the Challenge of Unbiased Sympathy
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I recently came across an interview with the late Professor Buchanan in which he addresses these points[91]
I interpret the part of the spectator as Smith (and of course, I'm putting my spin on it ; I don't deny that at all putting my spin on it), namely, you interpret that as Smith’s way of getting at the problem that Jack Rawls was getting at, namely, how do you, in fact, derive a legitimacy for the system of natural liberty from individual people that are just “out there.” We know there is no impartial spectator. On the other hand, how can you imagine a setting in which you could say, well, this would be a desirable aspect, this system of natural liberty. And the impartial spectator gives you a handle on it, just like Rawls’s veil of ignorance gives you a handle on it.
Endnotes
[91.] James M. Buchanan, Masazumi Wakatabe, Yong J. Yoon, "Adam Smith, James Buchanan, and Classical Liberalism," The History of Economic Thought, vol. 48 (2006), no. 1, pp. 124-138. <www.jstage.jst.go.jp/article/jshet2005/48/1/48_1_124/_article>.
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