Adam Smith

Adam Smith – The real and effectual discipline…


“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 Smith

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Adam Smith – Adventure upon all the tickets…


“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.”
-Adam Smith

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Adam Smith – This is one of those…


“This is one of those cases in which the imagination is baffled by the facts.”
-Adam Smith

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Adam Smith – To feel much for others…


“To feel much for others and little for ourselves to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.”
-Adam Smith

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Adam Smith – The propensity to truck, barter…


“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.”
-Adam Smith

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Adam Smith – What can be added to…


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

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Adam Smith – Little else is requisite to…


“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

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Adam Smith – Resentment seems to have been…


“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

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Adam Smith – No society can surely be…


“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”
-Adam Smith

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Adam Smith – As soon as the land…


“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

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