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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.
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
Thing
Economics
Men
Step
Like
Outside
Watches
Watch
Observer
Steps
Observers
Firsts
Thyself
First
Reactions
More quotes by Adam Smith
That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
Adam Smith
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
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.
Adam Smith
Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
Adam Smith
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
Problems worthy of attacks, prove their worth by hitting back
Adam Smith
The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.
Adam Smith
Science is the great antidote to the poison of enthusiasm and superstition.
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
The man scarce lives who is not more credulous than he ought to be... The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
Adam Smith
Nothing is more graceful than habitual cheerfulness.
Adam Smith
In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
Adam Smith
I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
Adam Smith
The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.
Adam Smith
Wherever there is great property, there is great inequality.
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
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 real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
Adam Smith
An English university is a sanctuary in which exploded systems and obsolete prejudices find shelter and protection after they have been . hunted out of every corner of the world.
Adam Smith
I am always willing to run some hazard of being tedious, in order to be sure that I am perspicuous and, after taking the utmost pains that I can to be perspicuous, some obscurity may still appear to remain upon a subject, in its own nature extremely abstracted.
Adam Smith
