Thomas Sowell Quotes

Just As Karl Marx Did Not Attribute What He Saw As The Detrimental Effects Of A Market Economy To The Ill Will Of Individual Capitalists, So Adam Smith Did Not Attribute What He Saw As The Beneficial Effects Of A Market Economy To The Good Will Of Individual Capitalists. Smith's Depictions Of Businessmen Were At Least As Negative As Those Of Marx,21 Even Though Smith Is Rightly Regarded As The Patron Saint Of Free Market Economics. According To Smith, The Beneficial Social Effects Of The Businessman's Endeavors Are "no Part Of His Intention."22

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