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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
Faith
Political
Arithmetic
Mathematical
Math
Mathematics

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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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Labor was the first price, the original purchase - money that was paid for all things.
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Individual Ambition Serves the Common Good.
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Every faculty in one man is the measure by which he judges of the like faculty in another. I judge of your sight by my sight, of your ear by my ear, of your reason by my reason, of your resentment by my resentment, of your love by my love. I neither have, nor can have, any other way of judging about them.
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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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By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
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The game women play is men.
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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.
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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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Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.
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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.
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Wherever there is great property, there is great inequality.
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When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.
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Happiness never lays its finger on its pulse.
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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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I am a beau in nothing but my books.
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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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.
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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.
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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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