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 SMITHThe world neither ever saw, nor ever will see, a perfectly fair lottery.
More Adam Smith Quotes
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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Beneficence is always free, it cannot be extorted by force.
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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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The man scarce lives who is not more credulous than he ought to be. The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
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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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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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It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
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Every man lives by exchanging.
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Labor was the first price, the original purchase – money that was paid for all things.
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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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Mercy to the guilty is cruelty to the innocent.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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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.
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The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
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Defense is superior to opulence.
ADAM SMITH