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I have no faith in political arithmetic.
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
Math
Mathematics
Faith
Political
Arithmetic
Mathematical
More quotes by Adam Smith
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.
Adam Smith
A gardener who cultivates his own garden with his own hands, unites in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third.
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Humanity is the virtue of a woman, generosity that of a man.
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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 real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
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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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Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life.
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Consumption is the sole end and purpose of all production.
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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
Defense is superior to opulence.
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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.
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The ancient Egyptians had a superstitious antipathy to the sea a superstition nearly of the same kind prevails among the Indians and the Chinese have never excelled in foreign commerce.
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Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
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Individual Ambition Serves the Common Good.
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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.
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It seldom happens, however, that a great proprietor is a great improver.
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Wonder... and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Have lots of experiments, but make sure they're strategically focused.
Adam Smith
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves.
Adam Smith