“The habits of œconomy, industry, discretion, attention, and application of thought, are generally supposed to be cultivated from self-interested motives.”
- Date
- 1759
Meaning of “The habits of œconomy, industry, discretion, attention, and…”
Smith acknowledges that disciplined habits can arise from self-interest while still being socially praised for the steadiness, care, and practical competence they develop.
Where does it come from?
The Theory of Moral Sentiments, Part VI, Section II discussion of systems that make virtue consist in benevolence; historical spelling “œconomy” is retained.