Adam Smith

Philosopher, Economist

Adam Smith was an 18th-century economist known for his influential work, 'The Wealth of Nations,' which laid the groundwork for modern economic theory.

Born
June 16, 1723
Died
July 17, 1790
Quotes
204
Rank
#3653

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Adam Smith quotes (page 9 of 11)

204 quotes — follow a thought to its full quote page.

Adam Smith Philosopher, Economist
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"In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce; and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species."

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Adam Smith Philosopher, Economist
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"It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures."

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Adam Smith Philosopher, Economist
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"Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity."

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Adam Smith Philosopher, Economist
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"To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it."

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Adam Smith Philosopher, Economist
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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."

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Adam Smith Philosopher, Economist
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"This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many."

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Adam Smith Philosopher, Economist
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"Men, like animals, naturally multiply in proportion to the means of their subsistence."

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Adam Smith Philosopher, Economist
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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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"The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities. 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."

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Adam Smith Philosopher, Economist
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"Such regulations may, no doubt, be considered as in some respect a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments; of the most free, as well as or the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed."

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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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Adam Smith Philosopher, Economist
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"Humanity is the virtue of a woman, generosity that of a man."

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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."

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"But what all the violence of the feudal institutions could never have effected, the silent and insensible operation of foreign commerce and manufactures gradually brought about."

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Adam Smith Philosopher, Economist
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"All jobs are created in direct proportion to the amount of capital employed."

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Adam Smith Philosopher, Economist
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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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Adam Smith Philosopher, Economist
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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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Adam Smith Philosopher, Economist
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"Upstart greatness is everywhere less respected than ancient greatness."

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Adam Smith Philosopher, Economist
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"In this consists the difference between the character of a miser and that of a person of exact economy and assiduity. The one is anxious about small matters for their own sake; the other attends to them only in consequence of the scheme of life which he has laid down to himself."

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Adam Smith Philosopher, Economist
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"As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation."

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