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The liberal reward of labour, therefore, as it is the affect of increasing wealth, so it is the cause of increasing population. To complain of it, is to lament over the necessary effect and cause of the greatest public prosperity.
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
Cause
Complaining
Wealth
Rewards
Lament
Greatest
Prosperity
Complain
Public
Effect
Increasing
Causes
Population
Affect
Necessary
Reward
Therefore
Liberal
Effects
Labour
More quotes by Adam Smith
How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.
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Men, like animals, naturally multiply in proportion to the means of their subsistence.
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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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A very poor man may be said in some sense to have a demand for a coach and six he might like to have it but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.
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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 disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
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Man, an animal that makes bargains.
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Have lots of experiments, but make sure they're strategically focused.
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All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.
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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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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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When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.
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The division of labour was limited by the extent of the market
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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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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
Adam Smith
There is no art which government sooner learns of another than that of draining money from the pockets of the people.
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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.
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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.
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The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.
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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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