chapter  16
7 Pages

Creative Capitalism

In1776,AdamSmithwrotethatself-interestservesavitalfunctionineconomiclife:"Itisnotfromthebenevolenceofthebutcher,thebrewer,orthe bakerthatweexpectourdinner,butfromtheirregardfortheirself-interest.We addressourselvesnottotheirhumanity,buttotheirself-love,andnevertalkto themofournecessities,butoftheiradvantages."Ifleftfreetopursuetheir animalspirits,Smithcounseled,theywouldautomatically-asifguidedbyan "unseenhand"-notonlyenrichthemselvesbut,atthesametime,increasethe

wealthofthenation.1Privatevicewouldresultinpublicvirtue.