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NinjaRick NinjaRick
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A year ago
An insight first fully developed by Adam Smith is that

▸ without benevolence production would not occur.

▸ individual self-interest is the only necessary force for social order.

▸ all individuals are motivated solely by self-interest.

▸ self-interest, not benevolence, is the foundation of economic order.

▸ self-interest undermines effective economic order.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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egidrarcegidrarc
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A year ago
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NinjaRick Author
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A year ago
Thank you, thank you, thank you!
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This calls for a celebration Person Raising Both Hands in Celebration
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You make an excellent tutor!
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