1. Adam Smith
... harmony of human motives and activities under a beneficent Providence-. (1) It is argued that The Theory of Moral Sentiments provides a specific foundation of Smith's economic theory and that this foundation is essentially a theory of basic social institutions. The institution may be defined as a community in which ... It is harmful to the deprived and to the whole nation as wrongful accumulation robs the government also. This is also the basis for Smith's social theory. "Smith's social theory begins, in a logical sequence, with the assumption of two competing basic 'motives' of individua...
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