by ALN | May 20, 2020 | Adam Smith - Quotes, Economics Quotes
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 talk to them of our own necessities, but...
by ALN | May 16, 2020 | Hayek - Quotes
This is not a dispute about whether planning is to be done or not. It is a dispute as to whether planning is to be done centrally, by one authority for the whole economic system, or is to be divided among many individuals. From The Use of Knowledge in Society....
by ALN | May 16, 2020 | Von Mises - Quotes
Ludig von Mises
by Ira Gorelick | May 12, 2020 | Adam Smith - Quotes, Economics Quotes
From An Inquiry into the Nature and Causes of the Wealth of Nations, Book IV, Chap. 2 by Adam Smith. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce...
by Ira Gorelick | May 11, 2020 | Adam Smith - Quotes
“The uniform, constant and uninterrupted effort of every man to better his condition … is frequently powerful enough to maintain the natural progress of things toward improvement, in spite both of the extravagance of government, and of the greatest errors of...
by Ira Gorelick | Mar 10, 2020 | Adam Smith - Quotes
“No human wisdom or knowledge could ever be sufficient [for] the duty of superintending the industry of private people…” “[Governments are] …without exception, the greatest spendthrifts in the society.” “The agents of [government] regard the wealth...
