Adam Smith | Economist & Philosopher ✍️ @AdamSmithQuote
Adam Smith | Economist | Philosopher | Pioneer of Political Economy | @reachmastery | "The real tragedy of the poor is the poverty of their aspirations." gumroad.com/a/288617587/Ax… Get Smarter: Joined September 2021-
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What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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No complaint, however, is more common than that of a scarcity of money.
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
The real and effectual discipline which is exercised over a workman is that of his customers.
The greatest improvements in the productive powers of labor seem to have been the effects of division of labor.
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed.
It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people.
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.
By pursuing his own interest, he frequently promotes that of society more effectually than when he really intends to promote it.
Commerce and manufactures gradually introduced order and good government, and with them, the liberty and security of individuals.
To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.
No society can surely be flourishing and happy if the greater part of the members are poor and miserable.
To become well acquainted with a great scheme of taxation, no act of parliament is necessary.
The division of labor is limited by the extent of the market.
Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible over and above what it brings into the public treasury.
The natural effort of every individual to better his own condition leads to social progress.
All the improvements in the circumstances of the human race have been produced by an increase in the real revenue and wealth of the country.
It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labor.
The greatest improvements in the productive powers of labor, and the greater part of the skill, dexterity, and judgement with which it is anywhere directed or applied, seem to have been the effects of division of labor.
A wise man, therefore, proportions his belief to the evidence.
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