Quote

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.

Adam Smith

Change background

T
T
T

Change font

TAGS & TOPICS

Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Country
Productive
Would
Otherwise
Active
Augmenting
Increase
Judicious
Industry
Rendering
Economy
Banking
Greater
Operations
Part
Capital

More quotes by Adam Smith

Image
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith
Image
Have lots of experiments, but make sure they're strategically focused.
Adam Smith
Image
But though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality.
Adam Smith
Image
But poverty, though it does not prevent the generation, is extremely unfavourable to the rearing of children. The tender plant is produced, but in so cold a soil, and so severe a climate, soon withers and dies.
Adam Smith
Image
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
Adam Smith
Image
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.
Adam Smith
Image
Nothing is more graceful than habitual cheerfulness.
Adam Smith
Image
No complaint... is more common than that of a scarcity of money.
Adam Smith
Image
The man of system is apt to be very wise in his own conceit. In the great chess board of human society, every single piece has a principle of motion of its own altogether different from that which the legislature might choose to impress upon it
Adam Smith
Image
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
Image
It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
Adam Smith
Image
The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.
Adam Smith
Image
On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
Adam Smith
Image
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.
Adam Smith
Image
There is no art which government sooner learns of another than that of draining money from the pockets of the people.
Adam Smith
Image
A very poor man may be said in some sense to have a demand for a coach and six he might like to have it but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.
Adam Smith
Image
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
Image
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.
Adam Smith
Image
The game women play is men.
Adam Smith
Image
Never complain of that of which it is at all times in your power to rid yourself.
Adam Smith