Adam Smith 1723-1790

 

 “ 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 self interest”

 

“People of the same trade seldom meet together,....but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices”

 

John Maynard Keynes 1883-1946

 

“The importance of money comes from it being a link between the present and the future”

 

“In the long run we are all dead”

 

Milton Friedman 1912-2006

 

“There is no such thing as a free lunch"

Activity : Taking each of the above quotations, explain the meaning of each and identify relevant sections of the A level syllabus