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Smith and Society – “On the Wealth of Nations”, P.J. O’Rourke

May 13th, 2012 · No Comments · Economics, Progressive Politics, Quotes

We must treat other people with respect due equals not because we are inspired by principle or filled with fraternal affection but because we’re pathetic and useless.

Smith wrote that an individual “stands at all times in need of the co-operation and assistance of great multitudes, while his whole life is scare sufficient to gain the friendship of a few persons”.

This nearly left-wing statement was the prologue to Adam Smith’s most quoted passage: “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.

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