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 SMITHThe 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.
More Adam Smith Quotes
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Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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.
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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.
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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.
ADAM SMITH -
Nothing but the most exemplary morals can give dignity to a man of small fortune.
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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 -
In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
ADAM SMITH -
Corn is a necessary, silver is only a superfluity.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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He is led by an invisible hand to promote an end which was no part of his intention.
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Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
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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 SMITH -
Science is the great antidote to the poison of enthusiasm and superstition.
ADAM SMITH -
Happiness never lays its finger on its pulse.
ADAM SMITH