Quotation of the Day…

by Don Boudreaux on January 3, 2013

in Adam Smith, Complexity & Emergence, Hubris and humility

… is from page 69 of Nicholas Phillipson’s 2010 biography of Adam Smith,¬†Adam Smith; here, Phillipson is describing the philosophy of David Hume – a philosophy that Smith built upon and advanced:

It was a theory that was built on the belief that the progress of society depended on the efforts of individuals to better their lot, rather than on radical exercises in political engineering.

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