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

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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.com and his legal blog at http://www.legaldocspro.com/blog

Comments are welcome.

 

Quote by Adam Smith on the invisible hand

A quote by Adam Smith on the invisible hand is the topic of this blog post.

“Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society. He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.” Adam Smith

“This is an excellent quote by Adam Smith and one that I totally agree with as people who are acting in their own self-interest do tend to provide an overall benefit to society.    I do agree that the invisible hand can work wonders but I also realize that there are many individuals and in particular, large corporation that act only in their own self-interest without any regard for the rest of society such as the big banks and other politically connected companies. I despise the people who mindlessly spout the quotes of Adam Smith to suit their own agenda. Now that I have read more quotes by Adam Smith I see clearly now that while he clearly believed in free enterprise he was not as much of an advocate for limited government as many “free market” ideologues make him out to be.” Stan Burman

About Stan Burman.

Stan Burman is an entrepreneur and freelance paralegal who has worked in California and Federal litigation since 1995 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://legaldocspro.net and his legal blog at http://legaldocspro.net/blog

Comments are welcome.

 

Quote by Adam Smith on society

A quote by Adam Smith on society is the topic of this blog post.

“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” Adam Smith

“This quote by Adam Smith is absolutely true as history is filled with examples of societies in which the great majority of the people were poor and miserable and those societies were almost always rocked by numerous revolutions that were often bloody and violent. It should be self-evident to any thinking person that no society can be considered stable if the great majority of the people are poor and destitute. Desperate people have little or nothing to lose and people with nothing to lose often commit desperate acts that they would not normally do. Sadly the numbers of poor in the United States are growing rapidly which does not bode well for its future.” Stan Burman

Stan Burman is an entrepreneur and freelance paralegal that has collected unpaid California judgments since 1992 as well as worked in California and Federal litigation since 1995. He relocated to the Philippines several years ago by taking to heart some of the useful quotations posted on this blog. He has created over 300 sample legal documents for California and Federal litigation which can be viewed at https://www.scribd.com/LegalDocsPro

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

 

Quote by Adam Smith on the importance of labor

A quote by Adam Smith on the importance of labor is the topic of this blog post.

“Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.” Adam Smith

“This quote by Adam Smith is absolutely true as no wealth can be obtained without labor.  Even gold and silver cannot be obtained except through the use of labor. The absolute truth of this quote cannot be denied by any thinking person.  Without labor there would be no wealth yet so many people nowadays disdain the importance of labor. Adam Smith understood clearly that labor was in fact the original money although that is a fact that seems to be lost on many modern economists and many people that love to selectively quote him.” Stan Burman

Stan Burman is an entrepreneur and freelance paralegal that has collected unpaid California judgments since 1992 as well as worked in California and Federal litigation since 1995. He relocated to the Philippines several years ago by taking to heart some of the useful quotations posted on this blog. He has created over 300 sample legal documents for California and Federal litigation which can be viewed at https://www.scribd.com/LegalDocsPro

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

 

Quote by Adam Smith on poverty

A quote by Adam Smith on poverty is the topic of this blog post.

“The real tragedy of the poor is the poverty of their aspirations.” Adam Smith

“Another great quote from Adam Smith who is known as the father of modern economics. This quote cannot be denied as there is a clear poverty consciousness among many poor people the whole world over that is often a major reason that they remain in poverty. While this quote may seem cold and unfeeling to some people I completely agree with it as I know from my own life experiences that until I began changing the way I think my level of success was much lower than it currently is. I want to emphasize that while I do sincerely believe in doing everything possible to alleviate poverty I also believe that changing the thinking habits of the poor should clearly be a goal for any efforts as it cannot be denied that setting your sights higher almost always leads to positive results.” Stan Burman

Stan Burman is an entrepreneur and freelance paralegal that has collected unpaid California judgments since 1992 as well as worked in California and Federal litigation since 1995. He 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

Visit his website at http://www.legaldocspro.net

Comments are welcome.