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 SMITHWonder 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.
More Adam Smith Quotes
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Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
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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.
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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
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I have no faith in political arithmetic.
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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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That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
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Man, an animal that makes bargains.
ADAM SMITH -
Nothing is more graceful than habitual cheerfulness.
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It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
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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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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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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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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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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.
ADAM SMITH