Read the quotation by ralph waldo emerson.
which of adam smith's ideals are reflected in the quotation
from emerson?
wealth brings with it its own checks and balances. the
basis of political economy is non-interference. the only
safe rule is found in the self-adjusting meter of demand and
supply. do not make equal laws: secure life
and property, and you need not give charity. open the
doors of opportunity to talent and virtue, and they will do
themselves justice, and property will not be in bad hands.
in a free and just commonwealth, property rushes from the
idle [lazy) and brainless, to the industrious, brave, and
persevering
o greater competition will benefit the consumer.
o private ownership is the basis for success.
o government should not play a role in the free market.
o only industrious people should have access to capital.