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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.
Adam Smith
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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
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Philosopher
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Lang Toun
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Libertarian
More quotes by 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
All jobs are created in direct proportion to the amount of capital employed.
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In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.
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Good roads, canals, and navigable rivers, by diminishing the expence of carriage, put the remote parts of the country more nearly upon a level with with those of the neighbourhood of the town. They are upon that the greatest of all improvements.
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No complaint... is more common than that of a scarcity of money.
Adam Smith
When we have read a book or poem so often that we can no longer find any amusement in reading it by ourselves, we can still take pleasure in reading it to a companion. To him it has all the graces of novelty.
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Wonder... and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
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Upstart greatness is everywhere less respected than ancient greatness.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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Problems worthy of attacks, prove their worth by hitting back
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Capitals are increased by parsimony, and diminished by prodigalityand misconduct. By what a frugal man annually saves he not onlyaffords maintenance to an additional number of productive hands?but?he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.
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The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
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The ancient Egyptians had a superstitious antipathy to the sea a superstition nearly of the same kind prevails among the Indians and the Chinese have never excelled in foreign commerce.
Adam Smith
All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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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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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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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.
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