Abstract
Adam Smith’s butcher will not serve you your meal from his benevolence but from his regard to his own self-interest. But what matters is that you can rely on his sense of self-interest to get your meal served every day. As long as this motive prevails (in the butcher’s mind as well as in the mind of all his suppliers), you can be assured that you will not starve to death. And yet it is difficult to avoid thinking that the butcher really could have given up his job and started a new life on an...
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