Abstract

This paper presents a reconstruction and interpretation of the process of change in Adam Smith’s philosophy basing on the example of changes in fashion. I shall focus on the role of imagination, as well as on the role of the wealthy in the process. I shall analyse how sympathy, respect and cognitive errors result in looking up to and mimicking the great. Something introduced by a small number of people becomes fashionable, as others follow. However, the processes of change will be regarded as an effect of individual behaviour and decisions that affect the society.