Discussion Question The following quote appears in An Inquiry into the Nature and Causes of the Wealth of Nations, a very influential economics and philosophy book written by a British Philosopher named Adam Smith in 1776. 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. We address ourselves, not to their humanity but to their self- love, and never talk to them of our own necessities but of their advantages. 1. Briefly interpret this passage, explaining how "regard for their own interest" can allow others' to expect dinner. 2. Do you generally agree or disagree with this statement? Briefly explain
Discussion Question The following quote appears in An Inquiry into the Nature and Causes of the Wealth of Nations, a very influential economics and philosophy book written by a British Philosopher named Adam Smith in 1776. 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. We address ourselves, not to their humanity but to their self- love, and never talk to them of our own necessities but of their advantages. 1. Briefly interpret this passage, explaining how "regard for their own interest" can allow others' to expect dinner. 2. Do you generally agree or disagree with this statement? Briefly explain
Chapter8: Production And Costs
Section: Chapter Questions
Problem 1QP
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What does the benevolence of the butcher quote mean?
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