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.
ADAM SMITHIn 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.
ADAM SMITHOn the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
ADAM SMITHMen, like animals, naturally multiply in proportion to the means of their subsistence.
ADAM SMITHIt 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.
ADAM SMITHHappiness never lays its finger on its pulse.
ADAM SMITHThe 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.
ADAM SMITHPeople of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
ADAM SMITHThe real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
ADAM SMITHThe 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 SMITHThat the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
ADAM SMITHCivil 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.
ADAM SMITHWhat can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
ADAM SMITHI am a beau in nothing but my books.
ADAM SMITHThe division of labour was limited by the extent of the market.
ADAM SMITHMan is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
ADAM SMITHIn 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.
ADAM SMITH