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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.
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
Management
Master
Masters
Necessary
Running
Workman
May
Workmen
Long
Immediate
Necessity
More quotes by Adam Smith
A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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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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Man, an animal that makes bargains.
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It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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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.
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The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
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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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This is one of those cases in which the imagination is baffled by the facts.
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Problems worthy of attacks, prove their worth by hitting back
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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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That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
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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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We are delighted to find a person who values us as we value ourselves, and distinguishes us from the rest of mankind, with an attention not unlike that with which we distinguish ourselves.
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All money is a matter of belief.
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Beneficence is always free, it cannot be extorted by force.
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Science is the great antidote to the poison of enthusiasm and superstition.
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To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.
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Every faculty in one man is the measure by which he judges of the like faculty in another. I judge of your sight by my sight, of your ear by my ear, of your reason by my reason, of your resentment by my resentment, of your love by my love. I neither have, nor can have, any other way of judging about them.
Adam Smith
