The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
ADAM SMITHWherever there is great property, there is great inequality.
More Adam Smith Quotes
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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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Man, an animal that makes bargains.
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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.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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 -
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 -
The great secret of education is to direct vanity to proper objects.
ADAM SMITH -
The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.
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I am a beau in nothing but my books.
ADAM SMITH -
Labor was the first price, the original purchase – money that was paid for all things.
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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
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 -
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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It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
ADAM SMITH -
The game women play is men.
ADAM SMITH