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1. black
2. grey
3. blue
4. red
5. brown
6. white

I am a beau in nothing but my books.

Adam Smith

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More Adam Smith Quotes

• 

  How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.

  ADAM SMITH
  EvidenceExceptionFortuneHappinessHimselfManNatureNecessaryPrincipleSeeSelfish
• 

  As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.

  ADAM SMITH
  BeginningControlDestructionEndGovernmentManagementNatureRelationship
• 

  The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

  ADAM SMITH
  CountryDeepDestructionFastPoorProfitRichRuin
• 

  Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.

  ADAM SMITH
  AdministrationCountryJusticePartyPayPerformanceRealityResponsibilityWorst
• 

  With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.

  ADAM SMITH
  EnjoymentGreatnessPeopleRich
• 

  People 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 SMITH
  ConversationEndHappinessLeavingPeoplePriceTogethernessTrade
• 

  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.

  ADAM SMITH
  BeyondHimselfMaintainViolenceWork
• 

  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.

  ADAM SMITH
  CostManPriceRealityTrouble
• 

  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
  AgeBelieveEndExperienceFreedomManNationPerformanceSlave
• 

  It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.

  ADAM SMITH
  AffectImprovementManufactureNaturalPriceReality
• 

  The great secret of education is to direct vanity to proper objects.

  ADAM SMITH
  DirectionEducationGreatnessObjectSecret
• 

  I have never known much good done by those who affected to trade for the public good.

  ADAM SMITH
  AffectGoodnessMyselfTrade
• 

  On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

  ADAM SMITH
  JourneyMyselfPathRoad
• 

  Every man lives by exchanging.

  ADAM SMITH
  GenerosityLiveMan
• 

  What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?

  ADAM SMITH
  ConsienceHappinessHealthManMoney
• 

  A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.

  ADAM SMITH
  EarthGenerationMadNaturePowerPropertyRight
• 

  Mercy to the guilty is cruelty to the innocent.

  ADAM SMITH
  CrueltyGuiltyInnocentJusticeMercy
• 

  A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.

  ADAM SMITH
  DemandManMarketPoorProductSatisfaction
• 

  Beneficence is always free, it cannot be extorted by force.

  ADAM SMITH
  DestroyForceFreedom
• 

  The 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 SMITH
  DealDifferentManufactureRespectTrade
• 

  We are but one of the multitude, in no respect better than any other in it.

  ADAM SMITH
  PhilosophyRespect
• 

  All money is a matter of belief.

  ADAM SMITH
  BeliefMoneyOne Liner
• 

  The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.

  ADAM SMITH
  AffectDirectionGreatnessImprovementJudgementPowerProductionSkillWork
• 

  It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.

  ADAM SMITH
  LuxuryNecessaryPeoplePriceRememberTax
• 

  In 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
  CompetitionFreedomTradeWork
• 

  Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.

  ADAM SMITH
  EmploymentFearGovernmentIndependentInstrumentManOrder
• 

  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.

  ADAM SMITH
  CountryDemandLandLoveManNaturalPrivacyProduceProperty