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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.
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
Wealth
Public
May
Admitted
Wells
Apology
Well
Frequently
Great
Folly
Private
Perhaps
More quotes by Adam Smith
Consumption is the sole end and purpose of all production.
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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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Science is the great antidote to the poison of enthusiasm and superstition.
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No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
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The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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All money is a matter of belief.
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A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
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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 interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.
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Whatever work he does, beyond what is sufficient to purchase his own maintenance, can be squeezed out of him by violence only, and not by any interest of his own.
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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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Happiness never lays its finger on its pulse.
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The natural effort of every individual to better his own condition is so powerful that it is alone, and without any assistance, capable not only of carrying on the society to wealth and prosperity, but of surmounting 100 impertinent obstructions with which the folly of human laws too often encumbers its operations.
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The division of labour was limited by the extent of the market
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This is one of those cases in which the imagination is baffled by the facts.
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Wherever there is great property, there is great inequality.
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People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
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Men of the most robust make, observe that in looking upon sore eyes they often feel a very sensible soreness in their own, which proceeds from the same reason that organ being in the strongest man more delicate, than any other part of the body is in the weakest.
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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.
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