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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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
City
Progress
Ambiguity
Cities
Valley
Economy
Skeptical
Skepticism
Valleys
Pass
Road
More quotes by Adam Smith
This is one of those cases in which the imagination is baffled by the facts.
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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Every man lives by exchanging.
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The mob, when they are gazing at a dancer on the slack rope, naturally writhe and twist and balance their own bodies, as they see him do.
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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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I have never known much good done by those who affected to trade for the public good.
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Wherever there is great property, there is great inequality.
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Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.
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He is led by an invisible hand to promote an end which was no part of his intention
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Humanity is the virtue of a woman, generosity that of a man.
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
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The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.
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Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.
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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.
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The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.
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It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
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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. It is but equity, besides, that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged.
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