Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption.

Name: Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption.
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Adam Smith, in "The Theory of Moral Sentiments," suggested that the wealthy derive satisfaction from the admiration and attention they receive from others due to their consumption and display of wealth.

Adam Smith Believed That the Rich Derive the Most Enjoyment