Adam Smith did not let his left hand know what the right was doing

Adam Smith, the father of laissez-faire economics, gave away substantial sums of his own money to less fortunate people, though he did so with such discretion that this fact was discovered only after his death, when his personal records were examined. Henry Thornton, one of the great monetary economists of the nineteenth century and a banker by trade, regularly gave away more than half his annual income before he got married and had a family to support-and he continued to give large donations to humanitarian causes afterwards, including the anti-slavery movement.


Sowell, Thomas, Basic Economics: A Citizen’s Guide to the Economy (Basic Books, 2004) p.359


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