ESTEEM, REPUTATION, AND THE ‘COMPOUNDING EFFECT’

We assume in this chapter, in line with what we have argued elsewhere (Brennan and Pettit 2004), that people desire the esteem of others and shrink from their disesteem. In making this assumption, we are deliberately associating ourselves with an intellectual tradition that dominated social theorizing until the nineteenth century, and specifically until the emergence of modern economics. That tradition includes Adam Smith, Thomas Hobbes, John Locke, the Baron de Montesquieu, David Hume – indeed, just about everyone who is recognized as a forebear of modern social and political theory, whether specifically in the economistic style or not. There is scarcely a social theorist up to the nineteenth century who does not regard the desire for esteem as among the most ubiquitous and powerful motives of human action (Lovejoy 1961). Smith's elegantly forthright formulation, offered as the epigraph to this section, simply exemplifies the wider tradition.

We can think of a minimalist version of the basic esteem relationship as involving just two individuals – actor A and an observer, B. The actor undertakes some action, or exhibits some disposition, that is observed by B. The observation of this action/disposition induces in B an immediate and spontaneous evaluative attitude.