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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.
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
Masters
Uniforms
Labor
Wages
Sort
Raise
Always
Combination
Raises
Economics
Everywhere
Tacit
Constant
Uniform
More quotes by Adam Smith
Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.
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It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
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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.
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All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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When profit diminishes, merchants are very apt to complain that trade decays though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.
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We are delighted to find a person who values us as we value ourselves, and distinguishes us from the rest of mankind, with an attention not unlike that with which we distinguish ourselves.
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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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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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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.
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The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.
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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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It seldom happens, however, that a great proprietor is a great improver.
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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.
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In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
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Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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When we have read a book or poem so often that we can no longer find any amusement in reading it by ourselves, we can still take pleasure in reading it to a companion. To him it has all the graces of novelty.
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The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.
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To feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature.
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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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