Archive for August 10th, 2011

invisible hand

Probably the most punchy phrases by Adam Smith; often quoted but always one time more often forgotten:

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. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.

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