About author
- Author's profession: Novelist, Writer, Poet
- Nationality: brazilian
- Born: August 24, 1947
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Everyone, he thought, must have adored her; all men assuredly must have coveted her. She seemed but the more beautiful to him for this; he was seized with a lasting, furious desire for her, that inflamed his despair, and that was boudless, because it was now unrealisable. To please her, as if she were still living, he adopted her predilections, her ideas; he bought patent leather boots and took to wearing white cravats. He put cosmetics on his moustache, and, like her, signed notes of hand....
Gustave Flaubert
The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman