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Wherever there is great property, there is great inequality.
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
Economics
Property
Great
Affluence
Inequality
Wherever
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It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
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Avarice and injustice are always shortsighted, and they did not foresee how much this regulation must obstruct improvement, and thereby hurt in the long-run the real interest of the landlord.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.
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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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The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
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That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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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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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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Individual Ambition Serves the Common Good.
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Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.
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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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