An Important Sentence by Adam Smith from Moral Sentiments
"Haxbee' posts HERE "ADAM SMITH: MORAL PHILOSOPHER"
“How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.”
"– from The Theory of Moral Sentiments by Adam Smith, "the father of capitalism".
"Says Leon Wieseltier at The New Republic:
“That is the least Galt-like, least Rand-like, least Ryan-like sentence ever written… If there is anything that Adam Smith stands for, it is the reconcilability of capitalism with fellow feeling, of market economics with social decency...”
CommentAdam Smith was not “the father of capitalism”. He was a moral philosopher who wrote about the commercial society that had existed since the 15th century - and for millennia before the fall of Rome in the 5th century. I dropped Leon Wieselier's last remark about Paul Ryan (follow the link to read it) because I have no wish to enter US political controversies nor to purvey personal attacks on anybody. The two quotes are OK as representative of Smith and fair comment. The opening sentence of Smith’s Moral Sentiments deserves wide circulation.