Group A – Answer the Question

In one of the most famous quotes in economic history, Adam Smith said “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.” But he has also claimed that “And hence it is, that to feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature; and can alone produce among mankind that harmony of sentiments and passions in which consist their whole grace and propriety.”

Based on the readings, how might Adam Smith reconcile these two seemingly contrary positions? Do you believe that these two views can be truly integrated? Why or why not?