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Corn is a necessary, silver is only a superfluity.
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
Superfluity
Corn
Silver
Necessary
More quotes by Adam Smith
All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
Adam Smith
The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.
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Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable but it is sometimes otherwise when in favor of the masters.
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Good roads, canals, and navigable rivers, by diminishing the expence of carriage, put the remote parts of the country more nearly upon a level with with those of the neighbourhood of the town. They are upon that the greatest of all improvements.
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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.
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Man naturally desires, not only to be loved, but to be lovely or to be that thing which is the natural and proper object of love.
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Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.
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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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Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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The emotions of the spectator will still be very apt to fall short of the violence of what is felt by the sufferer. Mankind, though naturally sympathetic, never conceive, for what has befallen another, that degree of passion which naturally animates the person principally concerned.
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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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That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
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But poverty, though it does not prevent the generation, is extremely unfavourable to the rearing of children. The tender plant is produced, but in so cold a soil, and so severe a climate, soon withers and dies.
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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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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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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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The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.
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