Adam Smith and Malthus, two younger Gradgrinds, were out at lecture in custody; and little Jane, after manufacturing a good deal of moist pipe-clay on her face with slate-pencil and tears, had fallen asleep over vulgar fractions.
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Adam Smith wrote about both moral and economic theory. His genius was in seeing how people’s selfish inclinations could be channeled for the betterment of society.
The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.