아담스미스의 국부론 (미국대학 영어리포트)

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The issue that Adam Smith writes about in both excerpts is that when public companies manage other people’s money or investments, they do not take the same pains and self-interest that they normally would if the company was private and featured only their own money. People usually tend to prudentlyanager of other people’s money is more prone to risk taking, as they tend to treat other people’s money more riskily and haphazardly to generate greater returns, whereas they would favor less risk if it was their own money.

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If I meet a Martian at some point in time, I would explain to it that my view is correct because it assumes that money is utilized best by its owners and that when other people are managing the money of others, consequences and responsibility need to be upheld. Otherwise, companies become too laissez-faire and enticed by risk, throwing around investor’s money in ways they never would if their own money was at stake. I would teach the Martian that humans truly act the most responsibly

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