The Theory of Moral Sentiments and Wealth of Nations together encompass one behavioral axiom, “the propensity to truck, barter, and exchange one thing for another,” where the objects of trade […] include not only goods, but also gifts, assistance, and favors out of sympathy […] whether it is goods or favors that are exchanged, they bestow gains from trade that humans seek relentlessly in all social transactions.
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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.
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