Hence the Adam Smith Question: if markets depend on moral sympathy, public virtue, and shared responsibility to function, why do we still pretend that economic life can be governed by self-interest alone? We don’t is the answer to that one. We slice up life into those things that can be – say the provision of… Read More »We don’t The post We don’t first appeared on Tim Worstall.
Hence the Adam Smith Question: if markets depend on moral sympathy, public virtue, and shared responsibility to function, why do we still pretend that economic life can be governed by self-interest alone?
We don’t is the answer to that one. We slice up life into those things that can be – say the provision of bananas – and those that cannot be – say the provision of the Royal Navy.
And there we are, we’re done.
The post We don’t first appeared on Tim Worstall.
