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As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.
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
Feel
Affected
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Men
Empathy
Like
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Idea
Experience
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Immediate
More quotes by Adam Smith
The difference between the most dissimilar characters, between a philosopher and a common street porter, for example, seems to arise not so much from nature, as from habit, custom, and education.
Adam Smith
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
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Every man lives by exchanging.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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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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What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
Adam Smith
It seldom happens, however, that a great proprietor is a great improver.
Adam Smith
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
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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
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.
Adam Smith
Now many such things may be done without intitling the people to rise in arms. A gross, flagrant, and palpable abuse no doubt will do it, as if they should be required to pay a tax equal to half or third of their substance.
Adam Smith
The retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
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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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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.
Adam Smith
Labor was the first price, the original purchase - money that was paid for all things.
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.
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All jobs are created in direct proportion to the amount of capital employed.
Adam Smith
Man, an animal that makes bargains.
Adam Smith
The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
Adam Smith
The uniform, constant, and uninterrupted effort of every man to better his condition . . . is frequently powerful enough to maintain the natural progress of things toward improvement, in spite of the extravagance of government, and of the greatest errors of administration.
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