Quote by ADAM SMITH - Deepstash
ADAM SMITH

Pity and compassion are words appropriated to signify our fellow-feeling with the sorrow of others.

Sympathy, though its meaning was, perhaps, originally the same, may now, however, without much impropriety, be made use of to denote our fellow-feeling with any passion whatever.

ADAM SMITH

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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

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How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

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