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Wealth Of Nations Quotes

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Wealth Of Nations Quotes

“The world values the seer above all men, and has always done so. Nay, it values all men in proportion as they partake of the character of seers. The Elgin Marbles and a decision of John Marshall are valued for the same reason. What we feel in them is a painstaking submission to facts beyond the author's control, and to ideas imposed on him by his vision. So with Beethoven's Symphonies, with Adam Smith's Wealth of Nations - with any conceivable output of the human mind of which you approve. You love them because you say, These things were not made, they were seen.”

“Some time ago a little-known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. With the same perspicacity and with the same broad historical perspective, Daron Acemoglu and James Robinson have retackled this same question for our own times. Two centuries from now our great-great- . . . -great grandchildren will be, similarly, reading Why Nations Fail.”

“Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to. . . . We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits.”