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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
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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
Trouble
Values
Acquiring
Business
Toil
Everything
Costs
Real
Acquire
Really
Price
Men
Cost
Wants
More quotes by Adam Smith
The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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Science is the great antidote to the poison of enthusiasm and superstition.
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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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Man, an animal that makes bargains.
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The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
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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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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
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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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As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.
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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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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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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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Wherever there is great property, there is great inequality.
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It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.
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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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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.
Adam Smith
