The concept of _____ was illustrated by _____ with the quote, "The loss of a little finger would keep the average European from sleeping that night, ... but, provided he never saw them, he will snore with the most profound security over the loss of millions of his brethren."

Question

Quizplus · Accepted Answer

This quote illustrates the concept of self-interest, a fundamental idea in economics often associated with Adam Smith. Smith argued that individuals acting in their own self-interest inadvertently contribute to the economic well-being of society, a principle encapsulated in the metaphor of the "invisible hand." The quote reflects on the human tendency to prioritize personal concerns over the plight of others, a behavior that aligns with Smith's observations on self-interest.

The Concept of _____ Was Illustrated by _____ with the Quote

The Concept of _ Was Illustrated by _ with the Quote