Posts in Economics
Wish I'd said that - February 21, 2021

“Good soldiers, who both love and trust their general, frequently march with more gaiety and alacrity to the forlorn station, from which they never expect to return, than they would to one where there was neither difficulty nor danger. In marching to the latter, they could feel no other sentiment than that of the dullness of ordinary duty: in marching to the former, they feel that they are making the noblest exertion which it is possible for them to make.”

Adam Smith in The Theory of Moral Sentiments, arguing that people shouldn’t have trouble facing disaster knowing God is good

Wish I'd said that - February 10, 2021

“Every man desires to obtain additional wealth with as little sacrifice as possible.”

N.W. Senior in 1836 “laying down the first of the four principles of Political Economy” quoted in “What is Left of Adam Smith?” in Stephen Leacock On the Front Line of Life