In his Theory of Moral Sentiments, Adam Smith observes that wealth and the elaborate artifices it procures are of trifling significance, and hardly worth the great personal sacrifices we make to obtain them. This gloomy observation, although true, is one we are apt to make only in times of sickness or low spirits. In our better moods we cast off this “splenetic philosophy” and recover a healthy admiration for wealth. And it is precisely this that “rouses and keeps in continual motion the industry of mankind.”
As if the inherent futility of industry were not enough to make one splenetic, we now also have our concerns about environmental degradation. Unfortunately for the industry of mankind, a busy life of procreation, production and consumption, as it turns out, produces far too much carbon dioxide to be sustainable.
When I find myself overcome by the splenetic philosophy—tempted to slack off and settle for a simple, ascetic life of contemplation rather than striving for extravagant feats of production and consumption—my first reaction is to search my medicine chest for selective serotonin reuptake inhibitors. From Adam Smith to my friendly family medicine practitioner, everyone seems to agree that the splenetic philosophy, no matter how true, is unhealthy. We need a salutary illusion, a noble lie, to keep our gears turning. Somehow the medicines make the lie easier to swallow.
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