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 SMITHA nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
More Adam Smith Quotes
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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.
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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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The division of labour was limited by the extent of the market.
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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.
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Labor was the first price, the original purchase – money that was paid for all things.
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I have never known much good done by those who affected to trade for the public good.
ADAM SMITH -
The man scarce lives who is not more credulous than he ought to be. The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
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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.
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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
ADAM SMITH -
Beneficence is always free, it cannot be extorted by force.
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A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.
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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.
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Individual Ambition Serves the Common Good.
ADAM SMITH -
Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
ADAM SMITH