That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
ADAM SMITH
ADAM SMITH
Adam Smith on chance
Adam Smith101 quotes“That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.”
More from Adam Smith
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
Adam SmithAdam Smith Man, an animal that makes bargains.
Adam SmithAdam Smith No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
Adam SmithAdam Smith It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
Adam SmithAdam Smith People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Adam SmithAdam Smith The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
Adam SmithAdam Smith The division of labour was limited by the extent of the market.
Adam SmithAdam Smith I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
Adam SmithAdam Smith Consumption is the sole end and purpose of all production.
Adam SmithAdam Smith Individual Ambition Serves the Common Good.
Adam SmithAdam Smith I have never known much good done by those who affected to trade for the public good.
Adam SmithAdam Smith In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.
Adam SmithAdam Smith When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
Adam SmithAdam Smith A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.
Adam SmithAdam Smith On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
Adam SmithAdam Smith 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.
Adam SmithAdam Smith
Original quotes
From our community writers
Caught inside my mind trapped between its horrid lines losing precious time.
Carmen AmadosCarmen Amados Some women will have you look at life differently.
Eleni SophiaEleni Sophia The biggest reward often require the largest risks.
Nicole BrownNicole Brown Being with you is familiar, like playing guitar after some time; the theory is there but my fingers have forgotten the chords.
AstaAsta Late-night conservations, Breathtaking memories, and an endless sky full of unseen dazzling stars. That’s how I want to remember us.
AurthurAurthur Nothing is more terrifying than falling in love.
Helena DegnHelena Degn People who cannot see through souls will keep searching for beauty in faces and will never find it.
Shilpa GoelShilpa Goel There is someone out there waiting to love you in all the ways you deserve.
Ashley PrzywolskiAshley Przywolski
Meet the writers
More on chance
It is part of the business of life to be affable and pleasing to those whom either nature, chance or circumstance has made our companions.
Thomas MoreThomas More In the armed forces, the chances of success are quite high. That’s due to the clarity of the military structure – everything is sketched out. In politics, there are many more surprises and detours, and it’s a lot more unpredictable.
Abdel Fattah el-SisiAbdel Fattah el-Sisi It’s become like everyone else in the belief that we become as a person. It is giving appointment to happiness in the palace of chance.
Abel BonnardAbel Bonnard I just picked up golf, it was good, give me a chance to play golf.
Abdullah Ahmad BadawiAbdullah Ahmad Badawi I decided that I was ready to assume this position when I discovered that the chance to save the country was very meager.
Abdel Fattah el-SisiAbdel Fattah el-Sisi If given a really great chance, I’m going to put it away every single time.
Abby WambachAbby Wambach I never stood a chance. He stole your heart first.
Abbi GlinesAbbi Glines To be given a chance over and over again is a miracle in itself.
W. ScottW. Scott