You have just read about one of the great economists of all time, adam smith. in his famous publication the wealth of nations smith makes the following statement “it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner but from their regard to their own interest.”

in one well developed, explain this statement from an economists perspective.

"but let us admit texas, and we shall place the balance of power in the hands of the texans themselves. they, with the southern states, will control the policy and the destiny of this nation; our tariff will then be held at the will of the texan advocates of free trade. are our friends of the north prepared to deliver over this great national policy to the people of texas? " - rep. joshua giddings, ohio, may 21, 1844 this quote points to what major issue in the years leading up to the civil war?