05/04/2015

Negative Externalities

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith, The Wealth of Nations

Overjoyed, yet slightly appalled that Richard would even think of, let alone do, such a thing, the man gave him ten thousand dollars for the contract, and a second ten thousand dollars for the incredible suffering the mark had experienced.

"You did a good job," he said. Richard liked to please his customers; that was how his business had grown over the years.
 Philip Carlo, The Ice Man: Confessions of a Mafia Contract Killer

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