Adam Quote by Paul Ormerod
“But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.”
About This Quote
Source Book: “The Logic of Life” (2013)
Adam Smith saw society as an interconnected whole, where moral sentiments and economic behavior together shape social outcomes
In simple terms: Society functions as an interconnected system of moral and economic forces
recognize interdependence in society
Themes
Mood
Type
When to use this quote
- policy design
- community building
- business ethics
- education curricula
Key Concepts
Questions to Reflect On
- How can moral sentiments inform economic policy?
- What examples show society exceeding the sum of its parts?
Overemphasis on individualism can overlook systemic issues