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 SMITHWhat can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
More Adam Smith Quotes
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All money is a matter of belief.
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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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.
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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.
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Labor was the first price, the original purchase – money that was paid for all things.
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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I have never known much good done by those who affected to trade for the public good.
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.
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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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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.
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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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Corn is a necessary, silver is only a superfluity.
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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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