Quote by Adam Smith
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.
Summary
This quote, attributed to economist Adam Smith, highlights the concept of self-interest as a driving force in economic interactions. It suggests that individuals and businesses provide goods and services not out of kindness or goodwill, but because they have a personal interest in benefiting from these exchanges. Smith argues that the pursuit of self-interest ultimately leads to the creation of a functioning economy where everyone's needs can be met through voluntary transactions.
Topics
Business
By Adam Smith
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