Quote by ADAM SMITH - Deepstash
ADAM SMITH

As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.

[Our senses] never did, and never can, carry us beyond our own person, and it is by the imagination only that we can form any conception of what are [another man’s] sensations.

Neither can that faculty help us to this any other way, than by representing to us what would be our own, if we were in his case. It is the impressions of our own senses only, not those of his, which our imaginations copy.

ADAM SMITH

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IDEAS CURATED BY

xarikleia

“An idea is something that won’t work unless you do.” - Thomas A. Edison

The “Theory of Moral Sentiments” and “Wealth of Nations” together encompass one single behavioral axiom that, broadly interpreted, is sufficient to characterize a major portion of the human social and cultural enterprise: it explains why human nature appears to be simultaneously self-regarding and other-regarding.

The idea is part of this collection:

Behavioral Economics, Explained

Learn more about motivationandinspiration with this collection

How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

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