The wise and virtuous man is at all times willing that his own private interest should be sacrificed to the public interest of his own particular order or society.
There’s a general tendency to presume people just act for short-term profit. But anyone who knows about small-town businesses and how people in a community relate to one another realizes that many of those decisions are not just for profit and that humans do try to organize and solve problems.
ELINOR OSTROM, WINNER OF THE 2009 NOBEL MEMORIAL PRIZE IN ECONOMICS
Adam Smith believed that our mature human nature is to be caring and responsible and to serve the greater interest of the community. Elinor Ostrom, the first woman to win the Nobel ...