Power Systems Conference Edmund O Schweitzer III Thank You for Participating

Interested Sophistry of Merchants
Economic Sense
“…it is always and must be the interest of
the great body of people to buy whatever
they want of those who sell it cheapest…
[this proposition could never] have been
called in question, had not the interested
sophistry of merchants and manufacturers
confounded the common-sense of
mankind.”
– Adam Smith in The Wealth of Nations, 1776
What We Expect From Electric Power
Customers: Reliable electric
power at a fair price from a
responsible supplier.
Owners: Fair return on
investment from a
responsible supplier.
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