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All money is a matter of belief.
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
Finance
Economics
Economy
Belief
Money
Matter
Believe
More quotes by Adam Smith
The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
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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 though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality.
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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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Science is the great antidote to the poison of enthusiasm and superstition.
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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
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It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
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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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It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
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Man naturally desires, not only to be loved, but to be lovely or to be that thing which is the natural and proper object of love.
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Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Defense is superior to opulence.
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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 interest.
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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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The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
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To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.
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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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Have lots of experiments, but make sure they're strategically focused.
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