Discussion about this post

User's avatar
Matt330's avatar

As someone who has read Adam Smith, I find very few people who talk about him have actually read him.

Expand full comment
Steve  C's avatar

I think common mistake when alluding to Adam Smith is conflating self interest with selfishness. As an example if I give charity because it makes me feel good that is in my self interest but not selfish. I used to, in office meetings with my staff, say we may be the most expensive practice in the area but we give the patients real value for their money and treat them like they deserve our best every day. That was in our self interest. After, now retiring, some of my former students who see my former patients tell me I am missed. So my self interest aligned with the self interest of my patients. If I just charged more and gave less that selfishness would have resulted no less than my 43 year practice. I also agree both of Adam Smiths works should be read and are as true today as the day he wrote them.

Expand full comment
9 more comments...

No posts