The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
ADAM SMITHDefense is superior to opulence.
More Adam Smith Quotes
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Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
ADAM SMITH -
The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
ADAM SMITH -
Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
ADAM SMITH -
The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.
ADAM SMITH -
No complaint is more common than that of a scarcity of money.
ADAM SMITH -
He is led by an invisible hand to promote an end which was no part of his intention.
ADAM SMITH -
Wherever there is great property, there is great inequality.
ADAM SMITH -
Consumption is the sole end and purpose of all production.
ADAM SMITH -
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 -
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
ADAM SMITH -
Wonder and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
ADAM SMITH -
It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
ADAM SMITH -
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 -
I have no faith in political arithmetic.
ADAM SMITH -
Individual Ambition Serves the Common Good.
ADAM SMITH