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The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.
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
Gold
Derives
Nation
Principal
Nations
Sole
Less
Silver
Much
Benefit
Foreign
Benefits
Trade
Importation
More quotes by Adam Smith
Never complain of that of which it is at all times in your power to rid yourself.
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I have never known much good done by those who affected to trade for the public good.
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Sugar, rum and tobacco are commodities which are nowhere necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.
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The great secret of education is to direct vanity to proper objects.
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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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All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
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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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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
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The man of system is apt to be very wise in his own conceit. In the great chess board of human society, every single piece has a principle of motion of its own altogether different from that which the legislature might choose to impress upon it
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The man scarce lives who is not more credulous than he ought to be... The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
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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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Science is the great antidote to the poison of enthusiasm and superstition.
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Defense is superior to opulence.
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Upstart greatness is everywhere less respected than ancient greatness.
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The education of the common people requires, perhaps, in a civilized and commercial society, the attention of the public more than that of people of some rank and fortune.
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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
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Humanity is the virtue of a woman, generosity that of a man.
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Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
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He is led by an invisible hand to promote an end which was no part of his intention
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