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I have never known much good done by those who affected to trade for the public good.
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
Public
Known
Government
Done
Much
Affected
Good
Investing
Never
Economics
Trade
More quotes by Adam Smith
Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
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It seldom happens, however, that a great proprietor is a great improver.
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As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
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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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The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
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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.
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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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He is led by an invisible hand to promote an end which was no part of his intention
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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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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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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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A gardener who cultivates his own garden with his own hands, unites in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third.
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Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.
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Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
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By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
Adam Smith
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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All money is a matter of belief.
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Corn is a necessary, silver is only a superfluity.
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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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