Mercy to the guilty is cruelty to the innocent.
ADAM SMITHI have no faith in political arithmetic.
More Adam Smith Quotes
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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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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Individual Ambition Serves the Common Good.
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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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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.
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What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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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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All money is a matter of belief.
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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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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.
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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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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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Labor was the first price, the original purchase – money that was paid for all things.
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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 SMITH -
Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life.
ADAM SMITH