Discussion Question The following quote appears in An Inquiry into the Nature and Causes of the Wealth of Nations, a very influential economics and philosophy book written by a British Philosopher named Adam Smith in 1776. 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. 1. Briefly interpret this passage, explaining how "regard for their own interest" can allow others' to expect dinner. 2. Do you generally agree or disagree with this statement? Briefly explain
An inquiry into the nature and clauses of the wealth of nations.
Adam Smith's masterwork, first printed in 1776, is the bedrock of mainstream economic ideology and the single most essential description of the birth of, and ideas underlying, modern capitalism. The Wealth of Nations expresses the concepts essential to understanding modern society in clear and incisive English, and Robert Reich's Beginning both clarifies Smith's observations and explains his comprehensive ethics of the environment in which we live. "Jobs, wages, politics, administration, industry, knowledge, commerce, and ethics," Reich claims Smith's intellect "traveled over issues as fresh and present nowadays as they were in the 19th century."
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