The world neither ever saw, nor ever will see, a perfectly fair lottery.
ADAM SMITHHave lots of experiments, but make sure they’re strategically focused.
More Adam Smith Quotes
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
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An English university is a sanctuary in which exploded systems and obsolete prejudices find shelter and protection after they have been . Hunted out of every corner of the world.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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No complaint is more common than that of a scarcity of money.
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I have never known much good done by those who affected to trade for the public good.
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Beneficence is always free, it cannot be extorted by force.
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The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.
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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.
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It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
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Every man lives by exchanging.
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The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
ADAM SMITH -
The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
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The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
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Happiness never lays its finger on its pulse.
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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
ADAM 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.
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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.
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Man, an animal that makes bargains.
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There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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Wonder and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
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Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.
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What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
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What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
ADAM SMITH