Section II, Chap. I.
“
The virtue of frugality lies in a middle between avarice and profusion, of which the one consists in an excess, the other in a defect of the proper attention to the objects of self–interest.
— Adam Smith
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The virtue of frugality lies in a middle between avarice and profusion, of which the one consists in an excess, the other in a defect of the proper attention to the objects of self–interest." in the context of "Section II, Chap. I." to mean that wisdom is timeless.
Source: Wikiquote: "Adam Smith" (Quotes, The Theory of Moral Sentiments (1759), Part VII)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
View all quotes →