“Nothing but the most exemplary morals can give dignity to a man of small fortune.” ~ (Adam Smith).Ģ4. “The division of labor was limited by the extent of the market.” ~ (Adam Smith).
“The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.” ~ (Adam Smith).Ģ2.
“Every man lives by exchanging.” ~ (Adam Smith).Ģ1. “As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.” ~ (Adam Smith).Ģ0. “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).ġ9. “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” ~ (Adam Smith).ġ8. “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.” ~ (Adam Smith).ġ7. “Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.” ~ (Adam Smith).ġ6. “The great secret of education is to direct vanity to proper objects.” ~ (Adam Smith).ġ5. “Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.” ~ (Adam Smith).ġ4. “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). “What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” ~ (Adam Smith).ġ2. “Science is the great antidote to the poison of enthusiasm and superstition.” ~ (Adam Smith).ġ1. “Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.” ~ (Adam Smith).ġ0.
“Mercy to the guilty is cruelty to the innocent.” ~ (Adam Smith).ĩ. A man who knows himself can step outside himself and watch his own reactions like an observer.” ~ (Adam Smith).Ĩ. “The first thing you have to know is yourself. “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).ħ. “Individual Ambition Serves the Common Good.” ~ (Adam Smith).Ħ. “All money is a matter of belief.” ~ (Adam Smith).ĥ. “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” ~ (Adam Smith).Ĥ. “The real tragedy of the poor is the poverty of their aspirations.” ~ (Adam Smith).ģ. “He is led by an invisible hand to promote an end which was no part of his intention.” ~ (Adam Smith).Ģ. Adam Smith was a Scottish economist, philosopher, and political economist who played a pivotal role in the Scottish Enlightenment.ġ.
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