15 December 2014

He Said It: Smith

"I mean not, however, by any thing which I have here said, to throw any odious imputation upon the general character of the servants of the East India company, and much less upon that of any particular persons. It is the system of government, the situation in which they are placed, that I mean to censure; not the character of those who have acted in it. They acted as their situation naturally directed, and they who would have clamoured the loudest against them would, probably, not have acted better themselves." 

--Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), IV.vii.c.107

[H/T: Mike Munger]

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