Corn is a necessary, silver is only a superfluity.
ADAM SMITHAn 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.
More Adam Smith Quotes
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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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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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We are but one of the multitude, in no respect better than any other in it.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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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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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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Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
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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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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.
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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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A gardener who cultivates his own garden with his own hands, unites in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
ADAM SMITH -
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.
ADAM SMITH