Fellow Economic Feeling

Unit 1

Fellow Economic Feeling

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The First Law of Value

The creation of nominal value is the start of organized economic activity which is only made possible because of relationality.

Relationality is each person accepting a relation with others.

This comes from fellow-feeling.

The observer’s sympathy with the subject-person generating those feelings exactly coincides with his sympathy for the object-person who is receiving those feelings. The observer takes in the object-person’s happiness which then enlivens his fellow-feeling with the subject-person’s feelings.

Adam Smith
Adam Smith Theory of Moral Sentiments Part 1 Section 2 Chapter 4

Without fellow-feeling to Person X, you would not want to be associated with him. You would say: “I’d rather be caught dead than be seen with him,”

Fellow Economic Feeling or Common Economic Interest

This fellow-feeling is called:

  • “group feeling” in Supersociology
  • “common economic interest” in Supereconomics

This feeling or interest separates us from savages or animals that simply steal from other savages or animals.

  • This is because they have no fellow feeling with them.

But a civilized species has more fellow-feeling thanks to the Positive Force which unites entities.

It is the Positive Force that upgrades:

  • savages into barbarians
  • barbarians into civilized people
  • civilized people into advanced people

This drives our heart to give back something for what we got since the Positive Force makes us feel that the other person has needs too.

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