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 SMITHThe great secret of education is to direct vanity to proper objects.
More Adam Smith Quotes
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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.
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Corn is a necessary, silver is only a superfluity.
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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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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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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.
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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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Individual Ambition Serves the Common Good.
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We are but one of the multitude, in no respect better than any other in it.
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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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The great secret of education is to direct vanity to proper objects.
ADAM SMITH -
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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Beneficence is always free, it cannot be extorted by force.
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Labour 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.
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Mercy to the guilty is cruelty to the innocent.
ADAM SMITH -
Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
ADAM SMITH