According to Adam Smith, the self-interest represents the personal gain of the individual and actions he takes in order accomplish that self interest. He was a staunch believer in the free market and was against government regulations because he thought that the free market would most benefit the individual and therefore the society. The competition is what makes the the manufacturers produce better products and more of them, while this will spur the costumers to buy those products. When many act in their own self interest, the market will give both to the manufacturers and the consumers.
According to Nell Irvine Painter not thinking about being white is the foundation of white identity.
Nell Irvin Painter is a prominent American student of history who made the narrative of the white race the subject of her famous book The History of White people. She's the Edwards Teacher of American History Emerita at Princeton Uni.
Economists focus on what people do , not their thought processes
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