Every man lives by exchanging.
ADAM SMITHEvery man lives by exchanging.
More Adam Smith Quotes
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In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.
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Wherever there is great property, there is great inequality.
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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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That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
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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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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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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.
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He is led by an invisible hand to promote an end which was no part of his intention.
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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.
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Happiness never lays its finger on its pulse.
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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.
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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.
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It 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.
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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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Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
ADAM SMITH