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
Stan Burman is an entrepreneur and freelance paralegal who has worked in California and Federal litigation since 1995 and relocated to the Philippines several years ago by taking to heart some of the useful quotations posted on this blog. He has created over 255 sample legal documents for California and Federal litigation which can be viewed at https://www.scribd.com/LegalDocsPro
Comments are welcome.