Every man Quote by Adam Smith
““Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.””
About This Quote
Source Book: The Wealth of Nations, 1776
Individuals may freely pursue personal interests and compete, provided they respect justice laws.
In simple terms: Freedom to compete within law.
Key Takeaway
Respect law, pursue interests.
Themes
freedom
competition
justice
economics
Mood
thoughtful
analytical
Type
philosophical
economic
When to use this quote
- entrepreneurship
- investment
- business competition
- policy making
Key Concepts
liberalism
market theory
property rights
Questions to Reflect On
- How does competition shape society?
- When does regulation become necessary?
A Different Perspective
May overlook power imbalances and externalities.
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