Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
ADAM SMITH
ADAM SMITH
Adam Smith on consumption
Adam Smith101 quotes“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.”
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More from Adam Smith
The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
Adam SmithAdam Smith 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 SmithAdam Smith Science is the great antidote to the poison of enthusiasm and superstition.
Adam SmithAdam Smith It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
Adam SmithAdam Smith Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.
Adam SmithAdam Smith The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.
Adam SmithAdam Smith Nothing is more graceful than habitual cheerfulness.
Adam SmithAdam Smith 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.
Adam SmithAdam Smith 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.
Adam SmithAdam Smith To feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature.
Adam SmithAdam Smith A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
Adam SmithAdam Smith Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
Adam SmithAdam Smith With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
Adam SmithAdam Smith As 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.
Adam SmithAdam Smith 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.
Adam SmithAdam Smith 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 SmithAdam Smith
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More on consumption
Making consumer choices that reward eco-friendly products and companies is a great way to start.
Al GoreAl Gore It is in fact the height of selfishness to merely consume what others create and to retreat into a shell of limited goals and immediate pleasures.
Robert GreeneRobert Greene In fact, the tendency for one purchase to lead to another one has a name: the Diderot Effect. The Diderot Effect states that obtaining a new possession often creates a spiral of consumption
James ClearJames Clear Just as modern man consumes both too many calories and calories of no nutritional value, information workers eat data both in excess and from the wrong sources.
Tim FerrissTim Ferriss Be the designer of your world and not merely the consumer of it.
James ClearJames Clear We are people with lives, not consumers with lifestyles.
Lily TomlinLily Tomlin Alternatives to oil are coming up. In the long run, it is not going to be as bleak as people are predicting but surely consumption of fuel by automobile sector is going to go down.
Rakesh JhunjhunwalaRakesh Jhunjhunwala What is too popular may not be profitable. Don’t invest in B2C companies, instead invest in B2B companies.
Rakesh JhunjhunwalaRakesh Jhunjhunwala