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.
ADAM SMITHLabour 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.
More Adam Smith Quotes
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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
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Defense is superior to opulence.
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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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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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Labor was the first price, the original purchase – money that was paid for all things.
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Wherever there is great property, there is great inequality.
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It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
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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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Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love.
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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.
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It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
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Never complain of that of which it is at all times in your power to rid yourself.
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That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
ADAM SMITH