“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 , book The Theory of Moral Sentiments

Section II, Chap. I.
The Theory of Moral Sentiments (1759), Part VII

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Scottish moral philosopher and political economist 1723–1790

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