"Adam Smith’s image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments, in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the “impartial spectator” which is forced on us by our moral nature."
React to this quote
More by Ted Malloch
See allResonant Thoughts
"A more rewarding approach to painting, in my opinion the only valid one, is to regard it as a deeply personal and private activity and to remember that even when the painter works directly for the pub…"
Explore Further
Related Quotes
"Unless disputants understand the meaning attached by each other to the terms of a controversy, they may wor…"
— William Trufant Foster"It is funny that men who are supposed to be scientific cannot get themselves to realize the basic principle…"
— Gertrude Stein"Hypnotism is undoubtedly the most important, the most fruitful and far-reaching method of experimental psyc…"
— William McDougall"The question of origins can’t be proven through experimentation—indeed, there is no absolute proof for eith…"
— Ken Ham"You must not look at things casually. Your eyes must be like a microscope. Look carefully… Your eyes must c…"
— T S Satyan"Any evolutionary science... is a close-knit body of theory. It is a theory of a process, of an unfolding se…"
— Thorstein Veblen
