Pinned post
@DrSamuelGregg discusses commercial virtues and a flourishing society
"One of the things that Smith says is that paradoxically enough, without people intending it to be the case, a flourishing commercial society relies upon and encourages people to pursue these commercial virtues, these classical virtues, as well as these virtues of benevolence. So in that sense, the improvement that comes about in a commercial society... it's not just economic advancement. Economic advancement and growth is indispensable. But he says that part of the genius of this new civilized commercial society that's coming into being is that it allows these higher forms of improvement in the way that people think about themselves, the way they think about the world, and the way they choose and act in their daily lives."
Buy it on Amazon: amazon.com/dp/1641775300
"One of the things that Smith says is that paradoxically enough, without people intending it to be the case, a flourishing commercial society relies upon and encourages people to pursue these commercial virtues, these classical virtues, as well as these virtues of benevolence. So in that sense, the improvement that comes about in a commercial society... it's not just economic advancement. Economic advancement and growth is indispensable. But he says that part of the genius of this new civilized commercial society that's coming into being is that it allows these higher forms of improvement in the way that people think about themselves, the way they think about the world, and the way they choose and act in their daily lives."
Buy it on Amazon: amazon.com/dp/1641775300
4:13