What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
ADAM SMITHAs soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
More Adam Smith Quotes
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Labor was the first price, the original purchase – money that was paid for all things.
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Beneficence is always free, it cannot be extorted by force.
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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 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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Every man lives by exchanging.
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It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
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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.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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Individual Ambition Serves the Common Good.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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Man, an animal that makes bargains.
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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.
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Have lots of experiments, but make sure they’re strategically focused.
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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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I have never known much good done by those who affected to trade for the public good.
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Whatever work he does, beyond what is sufficient to purchase his own maintenance, can be squeezed out of him by violence only, and not by any interest of his own.
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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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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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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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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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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.
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We are but one of the multitude, in no respect better than any other in it.
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Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
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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 -
How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.
ADAM SMITH