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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

Adam Smith

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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Men
Bargains
Bones
Dog
Animal
Funny
Makes
Another
Doe
Exchanges

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Nothing is more graceful than habitual cheerfulness.
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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.
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But what all the violence of the feudal institutions could never have effected, the silent and insensible operation of foreign commerce and manufactures gradually brought about.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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Never complain of that of which it is at all times in your power to rid yourself.
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Defense is superior to opulence.
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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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This is one of those cases in which the imagination is baffled by the facts.
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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.
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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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In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
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Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable but it is sometimes otherwise when in favor of the masters.
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The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.
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As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.
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Avarice and injustice are always shortsighted, and they did not foresee how much this regulation must obstruct improvement, and thereby hurt in the long-run the real interest of the landlord.
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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.
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The uniform, constant, and uninterrupted effort of every man to better his condition . . . is frequently powerful enough to maintain the natural progress of things toward improvement, in spite of the extravagance of government, and of the greatest errors of administration.
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Secrets in manufactures are capable of being longer kept than secrets in trade.
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I am a beau in nothing but my books.
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