if morality represents the way we would like the world to work and economics represents how it actually does…

if morality represents the way we would like the world to work and economics represents how it actually does work, then the story of feldmans bagel business lies at the very intersection of morality and economics. yes, a lot of people steal from him, but the vast majority, even though no is watching over them, do not. this outcome may surprise some people—including feldmans economist friends, who counseled him twenty years ago that his honor - system scheme would never work. but it would not have surprised adam smith. in fact, the theme of smiths first book, the theory of moral sentiments, was the innate honesty of mankind. “how selfish soever man may be supposed,” smith wrote, “there are evidently some principles in his nature which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.” which best describes the authors purpose in using a quotation from adam smiths book the theory of moral sentiments? to highlight their knowledge of scottish philosophers to prove that people are inherently dishonest to demonstrate that incentive is the driving force behind cheating to lend credibility and additional support to their conclusion

if morality represents the way we would like the world to work and economics represents how it actually does work, then the story of feldmans bagel business lies at the very intersection of morality and economics. yes, a lot of people steal from him, but the vast majority, even though no is watching over them, do not. this outcome may surprise some people—including feldmans economist friends, who counseled him twenty years ago that his honor - system scheme would never work. but it would not have surprised adam smith. in fact, the theme of smiths first book, the theory of moral sentiments, was the innate honesty of mankind. “how selfish soever man may be supposed,” smith wrote, “there are evidently some principles in his nature which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.” which best describes the authors purpose in using a quotation from adam smiths book the theory of moral sentiments? to highlight their knowledge of scottish philosophers to prove that people are inherently dishonest to demonstrate that incentive is the driving force behind cheating to lend credibility and additional support to their conclusion

Answer

Brief Explanations:

The authors use Adam Smith's quote to back - up their claim about human honesty. Smith is a well - known figure, and his view on innate human honesty adds weight to the authors' conclusion about people's behavior in Feldman's bagel business.

Answer:

To lend credibility and additional support to their conclusion