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Adam Smith

Adam Smith

@adam-smith · 27 positions · On ppll ↗

Scottish moral philosopher and economist (1723 to 1790); held the chair of moral philosophy at Glasgow University from 1752 to 1764; author of The Wealth of Nations.

Adam Smith did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

2 of Adam Smith's claims fit 2 mental models. Most often: Incentives, Emergence.

Models we see in what they say

Our reading: their claim applies the idea without naming it. The claim is theirs; filing it here is ours.

Incentives

Look at what people are rewarded for; it explains more behaviour than what they say, your own included.

Used by 89 others

We get our dinner from traders by appealing to their self-interest, not to their kindness

  1. Adam Smith Scottish moral philosopher and economist (1723 to 1790) 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 own necessities, but of their advantages. An Inquiry into the Nature and Causes of the Wealth of Nationsgutenberg.org · 9 Mar 1776All korrents from this piece
    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 own necessities, but of their advantages.

By pursuing their own interest, people frequently serve society better than when they set out to serve it

Emergence

  1. Adam Smith Scottish moral philosopher and economist (1723 to 1790) By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. An Inquiry into the Nature and Causes of the Wealth of Nationsgutenberg.org · 9 Mar 1776All korrents from this piece
    By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.

Emergence

Whole systems do things none of their parts do, and nobody has to design that order for it to appear.

Used by 24 others

By pursuing their own interest, people frequently serve society better than when they set out to serve it

Incentives

  1. Adam Smith Scottish moral philosopher and economist (1723 to 1790) By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. An Inquiry into the Nature and Causes of the Wealth of Nationsgutenberg.org · 9 Mar 1776All korrents from this piece
    By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.