It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
ADAM SMITHAn 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.
More Adam Smith Quotes
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Wherever there is great property, there is great inequality.
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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.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Corn is a necessary, silver is only a superfluity.
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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.
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The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.
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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
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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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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.
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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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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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.
ADAM SMITH -
I have no faith in political arithmetic.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
ADAM SMITH