Adam Smith
Posts in The Copybook tagged ‘Adam Smith’
No one is more dangerous than the man who thinks that it is his destiny to direct things for the common good.
The revolutionary Scottish philosopher Adam Smith did not like to hear politicians speaking of managing the national economy ‘for the common good’. Leaving ordinary people to manage their own affairs was, he said, far more beneficial to society at large, and much less of a temptation to susceptible politicians.
How do we get the help of millions of people we don’t know? Only by trade.
For some people, ‘trade’ is synonymous with greed and selfishness but Scottish philosopher Adam Smith (1723-1790) did not think so. However greedy or selfish a businessman may be, if he wants to be successful he must spend at least a little time thinking of others, because no one is going to maintain him in comfort out of pity.