In Our Time: Philosophy cover image

The Wealth of Nations

In Our Time: Philosophy

CHAPTER

Selfishness Is Good

The rich are to be admired, and the poor really do admire the rich. When o comes to it, he says those things. The idea being that there is what we'd call a positive externality from that. In other words, if you have this individual behaving in a self interested way, then they are maybe doing things for their own good but they have some er effect on the economy as a whole.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner