(...) Gandhi also distanced himself from classical economic theory. Adam Smith's assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that "it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community's interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race. (Jeremy Rifkin)

(...) Gandhi also distanced himself from classical economic theory. Adam Smith's assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that "it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community's interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race.

Jeremy Rifkin

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adam advantage anathema anything assertion classical economy happiness human individual interest less nature race self-interest society theory view marketplace gandhi

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