~ Adam Smith Quotes ~

[MysteRy]

Adam Smith Quotes


A Scottish social philosopher and a pioneer of political economy.
Adam Smith (baptised 16 June 1723 – died 17 July 1790 [OS: 5 June 1723 – 17 July 1790]) was a Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. It earned him an enormous reputation and would become one of the most influential works on economics ever published. Smith is widely cited as the father of modern economics and capitalism.

Here are some famous quotes by Adam Smith.

All money is a matter of belief.

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Man an animal that makes bargains.

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No complaint... is more common than that of a scarcity of money.

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Science is the great antidote to the poison of enthusiasm and superstition.

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

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No society can surely be flourishing and happy of which the far greater part of the members are poor and miserable.

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Man has almost constant occasion for the help of his brethren and it is in vain for him to expect it from their benevolence only.

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The 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.

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If a nation could not prosper without the enjoyment of perfect liberty and perfect justice there is not in the world a nation which could ever have prospered.

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Adventure upon all the tickets in the lottery and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty.

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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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Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.

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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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The difference between the most dissimilar characters between a philosopher and a common street porter for example seems to arise not so much from nature as from habit custom and education.

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Man was made for action and to promote by the exertion of his faculties such changes in the external circumstances both of himself and others as may seem most favourable to the happiness of all.