Tag Archives: Adam Smith

First Principles: It Is Not From the Benevolence of the Butcher, the Brewer, Or the Baker That We Expect Our Dinner, But From Their Regard To Their Own Interest

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” – Adam Smith

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First Principles: There Is No Art Which Government Sooner Learns of Another Than That of Draining Money From the Pockets of the People

“There is no art which government sooner learns of another than that of draining money from the pockets of the people.” – Adam Smith

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First Principles: What Can Be Added To the Happiness of A Man Who Is In Health, Out of Debt, and Has A Clear Conscience?

“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” – Adam Smith, economist (5 Jun 1723-1790)

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First Principles: There Is No Art Which One Government Sooner Learns of Another Than That of Draining Money From the Pockets of the People

“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.” – Adam Smith, The Wealth of Nations, 1776.

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First Principles: It Is Not From Benevolence But Self Interest That We Get Our Dinner From the Butcher, Brewer and Baker

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” – Adam Smith    

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First Principles: Sound Economics Is Based On the Advantages of Self-Interest Not Appeals To Humanity

“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never … Continue reading

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First Principles: Self Interest Is the Prime Motivator of Mankind

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never … Continue reading

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Time Spent With the Harvard Classics – Wealth of Nations – Of the Wages of Labour – Adam Smith

We have previously posted  on this magnum opus written by Scottish economist and moral philosopher Adam Smith.  An Inquiry Into the Nature and Causes of the Wealth of Nations aka Wealth of Nations is as previously discussed a fundamental work into … Continue reading

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Thought For the Day: Things Unwise In A Family Are Unwise For A Nation

What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” – Adam Smith There is a lot to be said for this quote from Adam Smith.  If things would be wise … Continue reading

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