Adam Quote by Allen W. Wood
“Adam Smith saw the greed of modern capitalism for what it was - a form of destructive ambition that may have favorable effects on the productive capacities of society, but which is of no direct benefit to anyone - not even to the greedy themselves, whose illusory chase after a will-o-the-wisp leaves them morally bankrupt and unhappy.”
About This Quote
Source Book: Adam Smith on Liberty, 1995
Capitalism’s greed can drive productivity but often harms moral well‑being and offers no direct benefit to the greedy.
In simple terms: Greed fuels growth but harms the greedy.
Key Takeaway
Balance ambition with ethical considerations.
Themes
economics
ethics
greed
productivity
well‑being
Mood
critical
analytical
Type
philosophical
economic
When to use this quote
- business strategy
- policy making
- personal finance
Key Concepts
moral philosophy
capitalist critique
human motivation
Questions to Reflect On
- How can societies curb destructive ambition?
- What incentives promote ethical productivity?
A Different Perspective
Ignoring moral costs leads to unhappiness.
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