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 SMITHThe property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
More Adam Smith Quotes
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Beneficence is always free, it cannot be extorted by force.
ADAM SMITH -
The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
ADAM SMITH -
I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
ADAM SMITH -
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
ADAM SMITH -
It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
ADAM SMITH -
Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.
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 -
Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
ADAM SMITH -
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
ADAM SMITH -
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
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 -
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 -
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
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 -
Men, like animals, naturally multiply in proportion to the means of their subsistence.
ADAM SMITH