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An inquiry into the nature and causes of the wealth of nations

Book by Adam Smith · 5 quotes · Wealth Of Nations, Men, Economics

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An inquiry into the nature and causes of the wealth of nations Quotes

“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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Book:An inquiry into the nature and causes of the wealth of nations
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“Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.”

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Book:An inquiry into the nature and causes of the wealth of nations
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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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Book:An inquiry into the nature and causes of the wealth of nations
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“That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.”

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Book:An inquiry into the nature and causes of the wealth of nations
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