When all benefits are promised by the state, nobody need feel grateful for them.

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.

When people freely identify with their work and find themselves through it, excellence follows.

Myth: There's conflict between selfish free markets and a benevolent world of human sympathy.

There's such a thing as spiritual capital that has economic function and potential.

When all benefits are promised by the state, nobody need feel grateful for them.

The business virtue par excellence is honesty without it markets can't long survive.