A Quote by Arianna Huffington

Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to. . . . We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits.

Arianna Huffington

Quote Topics

Adam Air Because Before Breathe Capitalism Conscience Dangerous Direction Drink Eat Economics Endangerment Ethics Ever Food Forces Greater Know Market Market Forces Moral Nations Pollution Products Profits Pursuit Results Sale Seen Sentiments Should Smith Theory Toys Water Wealth Wealth Of Nations Which Why Without Workers Wrote

Quote Author

Arianna Huffington
American - Journalist
Born: July 15, 1950

Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments , in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the "impartial spectator" which is forced on us by our moral nature.

Ted Malloch

But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.

Paul Ormerod

Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah, if being rightwing means believing Adam Smith was right, both in the 'Wealth of Nations' and the 'Theory of Moral Sentiments,' then I'm rightwing.

Niall Ferguson

Adam Smith is misread as being amoral precisely because people don't read his first book, because they don't read 'The Theory of Moral Sentiments.'

P. J. O'Rourke

There are two books that I often travel with; one is 'The Theory on Moral Sentiments' by Adam Smith. The other is 'The Meditations.' It's not that I agree with either views expressed in the books, but I believe ideas and thoughts of older generations can offer food for thought for the current generation.

Wen Jiabao

I think historically modern economics, capitalist economics, tends to erode moral categories... And this is where I think the right gets capitalism wrong. They kind of assume that there is a moral equivalence or moral valence to capitalism, but I tend to think that economics erodes all the kind of cultural taboos and inhibitions and values it comes into contact with.

Michael Pollan

Never was it [Capitalism] imposed on life as a system, or at all. It grew out of life, not all at once but gradually, and is therefore one of the great natural designs. When it was found and identified by such men as Adam Smith, who wrote its bible, and Karl Marx, who wrote its obituary too soon, it was already working.

Garet Garrett

Modern sociology is virtually an attempt to take up the larger program of social analysis and interpretation which was implicit in Adam Smith's moral philosophy, but which was suppressed for a century by prevailing interest in the technique of the production of wealth.

Albion W. Small

Moral theory develops from the divine command theory of medieval Christian philosophy, mixed up with a bit of ancient pagan virtue theory, to the purely secular moral sentiment and interpersonal reaction theories of Smith and Hume, to Kant's attempt to restore command theory but with something supersensible in the individual rather than God as the source of authority.

Catherine Wilson

Imagine a person who comes in here tonight and argues 'no air exists' but continues to breathe air while he argues. Now intellectually, atheists continue to breathe - they continue to use reason and draw scientific conclusions [which assumes an orderly universe], to make moral judgments [which assumes absolute values] - but the atheistic view of things would in theory make such 'breathing' impossible. They are breathing God's air all the time they are arguing against him.

Greg L. Bahnsen

If you visit American city, You will find it very pretty. Just two things of which you must beware: Don't drink the water and don't breathe the air. Pollution, pollution, They got smog and sewage and mud. Turn on your tap and get hot and cold running crud. See the halibuts and the sturgeons Being wiped out by detergents. Fish gotta swim and birds gotta fly, But they don't last long if they try. Pollution, pollution, You can use the latest toothpaste, And then rinse your mouth with industrial waste.

Tom Lehrer

What the world needs today is a definite, spiritual mobilization of the nations who believe in God against this tide of Red agnosticism. It needs a moral mobilization against the hideous ideas of the police state and human slavery. I suggest that the United Nations should be reorganized without the Communist nations in it. It is a proposal based solely upon moral, spiritual and defense foundations. It is a proposal to redeem the concept of the United Nations to the high purpose for which it was created. It is a proposal for moral and spiritual cooperation of God-fearing free nations. And in rejecting an atheistic other world, I am confident that the Almighty God will be with us.

Herbert Hoover

Growth theory did not begin with my articles of 1956 and 1957, and it certainly did not end there. Maybe it began with 'The Wealth of Nations'; and probably even Adam Smith had predecessors.

Robert Solow

I think, with Obama and the progressives, you've seen a massive expansion of big government, and it's all based on a moral premise. The moral premise is that wealth is theft. And I don't just mean the wealth of America, I mean, your wealth, my wealth.

Dinesh D'Souza

A tension has always existed between the capitalist imperative to maximize efficiency at any cost and the moral imperatives of culture, which historically have served as a counterweight to the moral blindness of the market. This is another example of the cultural contradictions of capitalism - the tendency over time for the economic impulse to erode the moral underpinnings of society. Mercy toward the animals in our care is one such casualty.

Michael Pollan

If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the traditional laissez-faire market idea. But today, when economics is increasingly defined as the science of incentive, it becomes clear that the use of incentives involves quite active intervention, either by an economist or a policy maker, in using financial inducements to motivate behavior. In fact, so much though that we now almost take for granted that incentives are central to the subject of economics.

Michael Sandel

A Quote by Arianna Huffington

Quote Topics

Quote Author

Related Quotes

Related Authors