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Upstart greatness is everywhere less respected than ancient greatness.
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
Less
Upstart
Respected
Everywhere
Ancient
Greatness
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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The game women play is men.
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The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
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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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The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
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Nothing but the most exemplary morals can give dignity to a man of small fortune.
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Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.
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That wealth and greatness are often regarded with the respect and admiration which are due only to wisdom and virtue and that the contempt, of which vice and folly are the only proper objects, is most often unjustly bestowed upon poverty and weakness, has been the complaint of moralists in all ages.
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Consumption is the sole end and purpose of all production.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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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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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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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.
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