Saturday, April 18, 2020
If Adam Smith Were Writing the Wealth of Nations Today
“It is not from the benevolence of the mask maker, glove maker, or hand-sanitizer maker that we expect our person protective equipment, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages.”
Labels:
Adam Smith,
Coronavirus,
Invisible Hand,
market process
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