Tuesday, June 8, 2010

Contradictions in Leading

The statesmen who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted to no council and senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. 
Adam Smith (1776, An Inquiry into the Nature and Causes of the Wealth of Nations)

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