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People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
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
Ends
Raises
Diversion
Together
Economics
Hinder
Even
Competition
Monopoly
People
Trade
Prices
Meet
Conspiracy
Conversation
Seldom
Contrivance
Economic
Raise
Assembling
Public
Unions
Merriment
More quotes by Adam Smith
All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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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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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.
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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.
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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.
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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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The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.
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Problems worthy of attacks, prove their worth by hitting back
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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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Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.
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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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To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.
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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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It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
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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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Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.
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To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers but extremely fit for a nation whose government is influenced by shopkeepers.
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In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species.
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I have no faith in political arithmetic.
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I am a beau in nothing but my books.
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