Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
Sugar, rum and tobacco are commodities which are nowhere necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.
Adam Smith
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Subjects
Commodity
Objects
Consumption
Almost
Sugar
Become
Nowhere
Necessaries
Life
Proper
Rum
Extremely
Commodities
Universal
Tobacco
Therefore
Taxation
More quotes by Adam Smith
The man scarce lives who is not more credulous than he ought to be... The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
Adam Smith
It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
Adam Smith
Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.
Adam Smith
A true party-man hates and despises candour.
Adam Smith
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.
Adam Smith
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.
Adam Smith
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.
Adam Smith
China is a much richer country than any part of Europe.
Adam Smith
By nature a philosopher is not in genius and disposition half so different from a street porter, as a mastiff is from a greyhound
Adam Smith
Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
Adam Smith
I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
Adam Smith
The division of labour was limited by the extent of the market
Adam Smith
A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.
Adam Smith
The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.
Adam Smith
I have never known much good done by those who affected to trade for the public good.
Adam Smith
Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.
Adam Smith
All jobs are created in direct proportion to the amount of capital employed.
Adam Smith
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
To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.
Adam Smith
Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
Adam Smith