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 SMITHWith the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
More Adam Smith Quotes
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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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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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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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Science is the great antidote to the poison of enthusiasm and superstition.
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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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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.
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Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
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Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.
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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.
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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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It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
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Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
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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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Nothing is more graceful than habitual cheerfulness.
ADAM SMITH