Corn is a necessary, silver is only a superfluity.
ADAM SMITHNo society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
More Adam Smith Quotes
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I am a beau in nothing but my books.
ADAM SMITH -
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
ADAM SMITH -
Individual Ambition Serves the Common Good.
ADAM SMITH -
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
ADAM SMITH -
The game women play is men.
ADAM SMITH -
Nothing is more graceful than habitual cheerfulness.
ADAM SMITH -
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.
ADAM SMITH -
It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
ADAM SMITH -
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.
ADAM 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 SMITH -
An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
ADAM SMITH -
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 -
When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
ADAM SMITH -
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.
ADAM SMITH -
The world neither ever saw, nor ever will see, a perfectly fair lottery.
ADAM SMITH -
In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.
ADAM SMITH -
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.
ADAM SMITH -
The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
ADAM SMITH -
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.
ADAM SMITH -
Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.
ADAM SMITH -
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.
ADAM SMITH -
All money is a matter of belief.
ADAM SMITH -
I have never known much good done by those who affected to trade for the public good.
ADAM SMITH -
Beneficence is always free, it cannot be extorted by force.
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.
ADAM 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 SMITH