30 lines
869 B
Markdown
30 lines
869 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-03 -->
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# Private Misconduct Versus Public Prodigality
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# Private Misconduct Versus Public Prodigality
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## Definition
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The distinction between individual economic errors and government
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extravagance as causes of reduced productive funds. While private misconduct
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rarely affects great nations due to compensation by others' good conduct,
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public prodigality employing revenue in maintaining unproductive hands can
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significantly diminish funds for productive labour.
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## Source Chapter
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Book II, Chapter 3
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## Context
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Smith argues that public prodigality is more dangerous than private misconduct
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because it operates at scale and is not compensated by others' frugality,
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potentially leading to national impoverishment.
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## Economic Domain
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Regulation
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---
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