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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.
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
Labour
Originals
Original
Sacred
Foundation
Property
Every
Men
Inviolable
More quotes by Adam Smith
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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The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
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China is a much richer country than any part of Europe.
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Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
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Wherever there is great property, there is great inequality.
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The great affair, we always find, is to get money.
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It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.
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There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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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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Defense is superior to opulence.
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The liberal reward of labor, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the laboring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they going backwards fast.
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Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.
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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
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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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The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.
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Upstart greatness is everywhere less respected than ancient greatness.
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It seldom happens, however, that a great proprietor is a great improver.
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Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.
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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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