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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.
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
Productions
Attended
Producers
Consumer
Necessary
Promoting
Ought
Producer
Interest
Consumption
Purpose
Sole
Ends
Consumers
May
Production
More quotes by Adam Smith
Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. 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.
Adam Smith
Consumption is the sole end and purpose of all production.
Adam Smith
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.
Adam Smith
Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.
Adam Smith
The emotions of the spectator will still be very apt to fall short of the violence of what is felt by the sufferer. Mankind, though naturally sympathetic, never conceive, for what has befallen another, that degree of passion which naturally animates the person principally concerned.
Adam Smith
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.
Adam Smith
It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
Adam Smith
Labor was the first price, the original purchase - money that was paid for all things.
Adam Smith
Every faculty in one man is the measure by which he judges of the like faculty in another. I judge of your sight by my sight, of your ear by my ear, of your reason by my reason, of your resentment by my resentment, of your love by my love. I neither have, nor can have, any other way of judging about them.
Adam Smith
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.
Adam Smith
There is no art which government sooner learns of another than that of draining money from the pockets of the people.
Adam Smith
Upstart greatness is everywhere less respected than ancient greatness.
Adam Smith
The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.
Adam Smith
In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
Adam Smith
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
The liberal reward of labour, therefore, as it is the affect of increasing wealth, so it is the cause of increasing population. To complain of it, is to lament over the necessary effect and cause of the greatest public prosperity.
Adam Smith
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
Adam Smith
The education of the common people requires, perhaps, in a civilized and commercial society, the attention of the public more than that of people of some rank and fortune.
Adam Smith
A true party-man hates and despises candour.
Adam Smith
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.
Adam Smith
