Quote

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.

Adam Smith

Change background

T
T
T

Change font

TAGS & TOPICS

Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Trade
Respects
However
Branch
Particular
Narrow
Public
Branches
Interest
Opposite
Manufactures
Different
Opposites
Widen
Even
Competition
Dealers
Always
Market
Dealer

More quotes by Adam Smith

Image
Defense is superior to opulence.
Adam Smith
Image
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Adam Smith
Image
Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties and, if they were not, they would perform their duty still worse than they actually perform it.
Adam Smith
Image
What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
Adam Smith
Image
Labor was the first price, the original purchase - money that was paid for all things.
Adam Smith
Image
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.
Adam Smith
Image
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.
Adam Smith
Image
Wherever there is great property, there is great inequality.
Adam Smith
Image
Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
Adam Smith
Image
The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.
Adam Smith
Image
Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.
Adam Smith
Image
Individual Ambition Serves the Common Good.
Adam Smith
Image
Now many such things may be done without intitling the people to rise in arms. A gross, flagrant, and palpable abuse no doubt will do it, as if they should be required to pay a tax equal to half or third of their substance.
Adam Smith
Image
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.
Adam Smith
Image
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
Adam Smith
Image
To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it.
Adam Smith
Image
Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
Adam Smith
Image
Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
Adam Smith
Image
All jobs are created in direct proportion to the amount of capital employed.
Adam Smith
Image
Never complain of that of which it is at all times in your power to rid yourself.
Adam Smith