The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
ADAM SMITH
ADAM SMITH
Adam Smith on country
Adam Smith101 quotes“The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.”
More from Adam Smith
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 SmithAdam Smith All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
Adam SmithAdam 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.
Adam SmithAdam Smith Every man lives by exchanging.
Adam SmithAdam Smith A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
Adam SmithAdam Smith The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.
Adam SmithAdam Smith By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
Adam SmithAdam Smith Labor was the first price, the original purchase – money that was paid for all things.
Adam SmithAdam Smith As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.
Adam SmithAdam Smith 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 SmithAdam Smith Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
Adam SmithAdam Smith There is no art which government sooner learns of another than that of draining money from the pockets of the people.
Adam SmithAdam Smith The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
Adam SmithAdam Smith 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.
Adam SmithAdam Smith An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
Adam SmithAdam Smith Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
Adam SmithAdam Smith
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