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(via conscienceofeconomics)

There are two things economists fear: one, that things will never get back to normal; and two, that things already have.

Adam Smith (via conscienceofeconomics)

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.

F.A. Hayek, The Fatal Conceit (via conscienceofeconomics)

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

(via conscienceofeconomics)

There are two things economists fear: one, that things will never get back to normal; and two, that things already have.

Adam Smith (via conscienceofeconomics)

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.
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