Publisher's Synopsis
Excerpt from An Inquiry Into the Nature and Causes of the Wealth of Nations, Vol. 1
The two fundamental ideas of The Wealth of Nations are those of self-interest and natural liberty. It was by utilising and applying these doctrines to his analysis of economic institutions that Adam Smith achieved his great success. It is not from the benevolence of the butcher, the brewer, or the baker, he tells us, that we expect our dinner, but from their regard of their own 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 advantage.
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