![[T]he simple fact is, of course, that in normal trade all parties gain; there exist mutual gains from trade. The great contribution of Adam Smith lay in his popularization of this simple point, but the full import of this conception for democratic political theory does not seem to have yet been appreciated. (Adam Smith)](https://cdn.quotesdtb.com/img/quotes_images_webp/06/adam-smith-adam-conception-1015006.webp)
[T]he simple fact is, of course, that in normal trade all parties gain; there exist mutual gains from trade. The great contribution of Adam Smith lay in his popularization of this simple point, but the full import of this conception for democratic political theory does not seem to have yet been appreciated.
Adam SmithRelated topics
adam conception contribution course democratic fact full gain great import lay mutual normal point political popularization simple smith theory trade yetRelated quotes
... I believe it to be a duty of the General Convention of Harrisburg, not only to support the wool growers and wool manufacturers, but to lay the root at the axe of the tree, by declaring the system of Adam Smith to be erroneous – by declaring war against it on the part of the American System – ...
Friedrich List
Economic theory as derived from Adam Smith assumes first that homo economicus acts with perfect optimality on complete information, and second that when many of the species homo economicus do that, their actions add up to the best possible outcome for everybody. Neither of these assumptions stands up long against the evidence.
Donella Meadows
I sat down in 1989 and I made up my mind at that point that I was going to spend the rest of my life assisting women and youth to gain social and political empowerment through business and education. I convinced myself economic empowerment of women was going to be key, especially in a country like this where most women didn't go to school.
Joyce Banda
It's very simple. If the American people care about a lot of things including corruption in government, then, in fact, if you use the power to appoint in order to do political business, to clear fields, to save your party money and so on, if it's not a crime - and I believe it is - it certainly is business as usual, politics of corruption.
Darrell Issa
The Mercantile System still had a certain artless Catholic candour and did not in the least conceal the immoral nature of trade. ... But when the economic Luther, Adam Smith, criticised past economics things had changed considerably. ... Protestant hypocrisy took the place of Catholic candour.
Friedrich Engels
