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Adam Smith Quotes


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Quotes by Adam Smith

Showing 11-20 of 30 Quotes by Adam Smith

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, and demand a rent even for its natural produce.

~Adam Smith

Topics: Any Become Country Demand Even Land Landlords Like Love Men Natural Never Other Private Private Property Produce Property Reap Rent Soon Where

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Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

~Adam Smith

Topics: Attended Consumer Consumption End Far Interest May Necessary Only Ought Producer Production Promoting Purpose Sole

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The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.

~Adam Smith

Topics: Absorb After Changes Detail Doing Facts Generation Greatest Greatest Number Must Number Observation Opinion Persist Rule Theory Through

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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.

~Adam Smith

Topics: All Things First Gold Labour Money Original Originally Paid Price Purchase Purchased Silver Things Wealth World

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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

~Adam Smith

Topics: Ambiguity City Had Pass Road Skepticism Through Valley

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Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.

~Adam Smith

Topics: Altogether Ambition Desire Directing Great Instrument Leading Man Peculiar Real Seems Speech Superiority

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Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

~Adam Smith

Topics: About Administration Barbarism Being Brought Carry Course Degree Easy Else Highest Justice Little Lowest Natural Opulence Peace Requisite Rest State Taxes Things Tolerable

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I have never known much good done by those who affected to trade for the public good.

~Adam Smith

Topics: Affected Done Good Known Much Never Public Public Good Those Trade Who

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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.

~Adam Smith

Topics: Corrects Customers Discipline Effectual Employment Fear Frauds His Losing Negligence Over Real Which Workman

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This is one of those cases in which the imagination is baffled by the facts.

~Adam Smith

Topics: Baffled Cases Facts Imagination Those Which

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Biography

Nationality: Scottish

Type: Economist

Born: June 5th, 1723

Died: July 17th, 1790

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