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A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.
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
Nations
Childish
Made
Accumulation
People
Metals
Wealthy
Prosperity
Economics
Nation
Enriched
Economic
Shiny
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Upstart greatness is everywhere less respected than ancient greatness.
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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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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
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Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
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It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
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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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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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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.
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
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