Famous Adam Smith Quotes

Best famous Adam Smith quotes. Find, read, and share the best famous quotations by Adam Smith. These are the most popular quotations and best examples of quotes by Adam Smith.

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Quote Left The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become. Quote Right
Quote Left Though the encouragement of exportation and the discouragement of importation are the two great engines by which the mercantile system proposes to enrich every country, yet with regard to some particular commodities it seems to follow an opposite plan: to discourage exportation and to encourage importation. Its ultimate object, however, it pretends, is always the same, to enrich the country by the advantageous balance of trade. It discourages the exportation of the materials of manufacture, and of the instruments of trade, in order to give our own workmen an advantage, and to enable them to undersell those of other nations in all foreign markets; and by restraining, in this manner, the exportation of a few commodities of no great price, it proposes to occasion a much greater and more valuable exportation of others. It encourages the importation of the materials of manufacture in order that our own people may be enabled to work them up more cheaply, and thereby prevent a greater and more valuable importation of the manufactured commodities. Quote Right
Quote Left 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 Quote Right
Quote Left The natural effort of every individual to better his own condition is so powerful that it is alone, and without any assistance, capable not only of carrying on the society to wealth and prosperity, but of surmounting 100 impertinent obstructions with which the folly of human laws too often encumbers its operations. Quote Right
Quote Left 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. Quote Right
Quote Left A person who can acquire no property, can have no other interest but to eat as much, and to labour as little as possible. 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. Quote Right
Quote Left On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity. (Powers of Mind, 1975) Quote Right
Quote Left Happiness never lays its finger on its pulse. Quote Right
Quote Left The robot is going to lose. Not by much. But when the final score is tallied, flesh and blood is going to beat the damn monster. Quote Right
Quote Left The difference of natural talents in different men is, in reality, much less than we are aware of; and the very different genius which appears to distinguish men of different professions, when grown up to maturity, is not upon many occasions so much the cause as the effect of the division of labour. 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. When they came into the world, and for the first six or eight years of their existence, they were perhaps very much alike, and neither their parents nor playfellows could perceive any remarkable difference... Quote Right
Quote Left 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. Quote Right
Quote Left The mind is so rarely disturbed, but that the company of friend will restore it to some degree of tranquility and sedateness. Quote Right
Quote Left 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 Quote Right
Quote Left 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 self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own neccessities but of their advantages. Quote Right
Quote Left All for ourselves and nothing for other people seems, in every age of the world, to have been the vile maxim of the masters of mankind. Quote Right
Quote Left 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 Quote Right
Quote Left With the great part of rich people, the chief employment of riches consists in the parade of riches. Quote Right
Quote Left 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. Quote Right
Quote Left 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 Quote Right
Quote Left What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience? Quote Right
Quote Left Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience. Quote Right
Quote Left No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. Quote Right
Quote Left The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions. Quote Right