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Adam Smith Quotes


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Adam Smith
June 5, 1723 - July 17, 1790
Nationality: Scottish
Category: Economist

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

   

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

   

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.

   

Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.

   

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

   

Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty.

   

To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.

   

Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.

   

Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.

   

Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.

   

Happiness never lays its finger on its pulse.

   

The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.

   

No complaint... is more common than that of a scarcity of money.

   

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

   

Science is the great antidote to the poison of enthusiasm and superstition.

   

I have never known much good done by those who affected to trade for the public good.

   

All money is a matter of belief.

   

The real tragedy of the poor is the poverty of their aspirations.

   

With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.

   

This is one of those cases in which the imagination is baffled by the facts.

   

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