Virtue in Markets: Adam Smith Meets Kanye West

Smith and Kanye both understand that the markets are the primary method of sharing and appreciating the talents of the scorned entertainer. However, to simplify the market by removing “agreeable and beautiful” virtues, either for the purpose of depriving the market of virtue entirely or for the preservation of public virtue, is a fundamental misapplication of what a Smithian market is supposed to accomplish. Markets are not supposed to provide either orthodoxy or debauchery, but to carefully explore the ways in which a society, comprised of individuals with unique talents with rewards, can become more fully human.