Adam Smith and Greed.

Adam Smith and Greed

Adam Smith is known as the father of modern economics. He also wrote on other areas of human attitudes and behaviour. On one occasion Smith wrote about the desire for more.

He said, "The great source of both the misery and disorders of human life seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches. The person under the influence of any of those extravagant passions is not only miserable in his actual situation, but is often disposed to disturb the peace of society, in order to arrive at that which he so foolishly admires."

While the desire to get ahead seems to be the engine room of the free market economy, Smith suggests that it can also bring misery to all. It's perhaps one place where Adam Smith and the Bible have a lot in common.

Share this Daily - Reading.

Thanks  Karl Faase.

( Agreed: Digital Anvil )