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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.” quote by Paul Ormerod
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“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.”

Paul Ormerod

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

Key Takeaway

recognize interdependence in society

Themes

economics philosophy social theory

Mood

analytical thoughtful

Type

academic inspirational

When to use this quote

  • policy design
  • community building
  • business ethics
  • education curricula

Key Concepts

collective welfare moral economics systems thinking

Questions to Reflect On

  • How can moral sentiments inform economic policy?
  • What examples show society exceeding the sum of its parts?
A Different Perspective

Overemphasis on individualism can overlook systemic issues

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