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Smith’s focus is on actual realizations (not just on institutions and arrangements), and on comparisons rather than on transcendence. The primary concentration in the Smithian approach is on questions such as “how would justice be advanced?” rather than on, as in Rawlsian theory, “what would be perfectly just institutions?”
IMPARTIALITY AND THE IMPARTIAL SPECTATOR
An important contrast between the Smithian approach and the approach based on social contracts lies in the form in which impartiality, needed for fairness and justice, is invoked. Smith’s thought experiment on impartiality invokes the device of the “impartial spectator” who can come as readily from outside of a community as from within it. This differs substantially from the admissible points of view that a “social contract” approach concentrates on, to wit, the
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