Quote

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.

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
Greater
Certainty
Upon
Adventure
Business
Travel
Science
Number
Certain
Approach
Lottery
Lose
Nearer
Numbers
Tickets
Loses
Loser

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What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
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The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
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Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.
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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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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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Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties and, if they were not, they would perform their duty still worse than they actually perform it.
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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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It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
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Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
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For a very small expence the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.
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By nature a philosopher is not in genius and disposition half so different from a street porter, as a mastiff is from a greyhound
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Consumption is the sole end and purpose of all production.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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Man, an animal that makes bargains.
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Labor was the first price, the original purchase - money that was paid for all things.
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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.
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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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Beneficence is always free, it cannot be extorted by force.
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