Such Regulations May, No Doubt, Be Considered As In Some Respect A Violation Of Natural Liberty. But Those Exertions Of The Natural Liberty Of A Few Individuals, Which Might Endanger The Security Of The Whole Society, Are, And Ought To Be, Restrained By The Laws Of All Governments; Of The Most Free, As Well As Or The Most Despotical. The Obligation Of Building Party Walls, In Order To Prevent The Communication Of Fire, Is A Violation Of Natural Liberty, Exactly Of The Same Kind With The Regulations Of The Banking Trade Which Are Here Proposed.

-Adam Smith

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Such Regulations May, No Doubt, Be Considered

Adam Smith

Such Regulations May, No Doubt, Be Considered As In Some Respect A Violation Of Natural Liberty. But Those Exertions Of The Natural Liberty Of A Few Individuals, Which Might Endanger The Security Of The Whole Society, Are, And Ought To Be, Restrained By The Laws Of All Governments; Of The Most Free, As Well As Or The Most Despotical. The Obligation Of Building Party Walls, In Order To Prevent The Communication Of Fire, Is A Violation Of Natural Liberty, Exactly Of The Same Kind With The Regulations Of The Banking Trade Which Are Here Proposed.

Topic

Wall

Communication

Party

The Statesman Who Should Attempt To Direct Private People In What Manner They Ought To Employ Their Capitals Would Not Only Load Himself With Most Unnecessary Attention But Assume An Authority Which Could Safely Be Trusted To No Council And Senate Whatever, And Which Would Nowhere Be So Dangerous As In The Hands Of Man Who Have Folly And Presumption Enough To Fancy Himself Fit To Exercise It.

Exercise

Men

Hands