The great secret of education is to direct vanity to proper objects.
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 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.
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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.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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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.
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Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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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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Beneficence is always free, it cannot be extorted by force.
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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.
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Consumption is the sole end and purpose of all production.
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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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I have no faith in political arithmetic.
ADAM SMITH -
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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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.
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