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 SMITHDefense is superior to opulence.
More Adam Smith Quotes
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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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Mercy to the guilty is cruelty to the innocent.
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A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
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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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Whatever work he does, beyond what is sufficient to purchase his own maintenance, can be squeezed out of him by violence only, and not by any interest of his own.
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Individual Ambition Serves the Common Good.
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Defense is superior to opulence.
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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 division of labour was limited by the extent of the market.
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Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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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.
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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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Never complain of that of which it is at all times in your power to rid yourself.
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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
ADAM SMITH