Quote by ADAM SMITH - Deepstash
ADAM SMITH

If the very appearances of grief and joy inspire us with some degree of the like emotions, it is because they suggest to us the general idea of some good or bad fortune that has befallen the person in whom we observe them: and in these passions this is sufficient to have some little influence upon us.

The effects of grief and joy terminate in the person who feels those emotions, of which the expressions do not, like those of resentment, suggest to us the idea of any other person for whom we are concerned, and whose interests are opposite to his.

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

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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