So much confusion would be avoided if we reminded ourselves now and again that economics began not as a search for order but as a search for the explanation of the order that was too obvious to miss.
TGIF: Benevolent Self-Interest
The most famous sentence in Adam Smith's 1776 treatise, An Inquiry into the Nature and Causes of the Wealth of Nations, appears in Book I, Chapter 2: It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their...













