1 Markets and morality in Adam Smith’s works: Evolutionary psychology

This paper examines the reciprocal effect of markets on morality and morality on markets from the perspective of evolutionary psychology and adaptive defenses. This examination goes on to explicate the pivotal capacities for delayed gratification and trust in the complex human interactions that make possible the reciprocity between markets and morality. We apply this set of understandings to the work of Adam Smith and elucidate the psychology that is embedded in his theoretical work, and in the relationship between markets and morality