With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.

Summary

This quote highlights a common critique leveled against Political Economists, who are accused of prioritizing the study of wealth while overlooking the importance of happiness and virtue. Critics argue that a narrow focus on wealth fails to address the broader well-being and ethical aspects of society. They believe that economists should take into account the ultimate goal of human happiness and the role of virtuous conduct in shaping economic systems. Consequently, this quote suggests the need for a more holistic approach to economics that incorporates and recognizes the significance of both happiness and virtue.

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