Adam Smith in one sentence

He describes meticulously that which is – and not so much that which should be.

2 thoughts on “Adam Smith in one sentence”

  1. From Machiavelli’s The Prince

    ” . . .how we live is so different from how we ought to live that he who studies what ought to be done rather than what is done will learn the way to his downfall rather than to his preservation.”

    Or perhaps more simply but no less aptly, Mark Twain advice to “get the facts first – you can distort them later.”

    Either way – it’s first essential to know “what is” – not what one hopes or wishes to be true, or what one thinks “should” be true.

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