Quote by Adam Smith on self-interest


Quote by Adam Smith on self-interest
Quote by Adam Smith on self-interest.

A quote by Adam Smith on self-interest is the topic of this blog post.

“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.” Adam Smith

“This quote is undoubtedly quoted more often than most of Adam Smith’s other quotes for a good reason. The absolute truth of this quote cannot be denied and I absolutely agree with this quote. I do not doubt for a moment that individuals that are acting in their own self-interest do, at least the great majority of the time serve the common interest.   I absolutely support the right of any person to act in their own self-interest as long as they do not infringe on the rights of others. Where I personally part company with many people who tend to quote Adam Smith is the tendency to use this quote to justify the most greedy and unscrupulous behavior imaginable such as that engaged in by many of the big banks and other big corporations, particularly on Wall Street.” Stan Burman

Follow Stan Burman on Twitter at:

https://twitter.com/StanB1755

About Stan Burman.

Stan Burman is an entrepreneur and retired litigation paralegal that worked in California and Federal litigation from January 1995 through September 2017 and has created over 300 sample legal documents for California and Federal litigation which can be viewed at http://www.scribd.com/LegalDocsPro

Visit his website at http://www.legaldocspro.net and his legal blog at http://www.legaldocspro.net/blog

Comments are welcome.

 

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4 thoughts on “Quote by Adam Smith on self-interest

    1. Thank you for your comment. I agree completely with your quote as I know that there are many business people who while they may be self-interested still find time to show compassion for those less fortunate than themselves. You can have profit as your primary motivation and still have a conscience despite the actions of most large corporations nowadays that think of profit and only of profit. Behavior like that only gives self-interest a bad name and the fact that the writings of Adam Smith are often taken out of context by some people makes things worse. Some people believe that Adam Smith was an apologist for excessive greed when that is clearly not true.

      Liked by 1 person

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