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Quote by Adam Smith

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Adam Smith
Adam Smith

Adam Smith, a renowned philosopher and economist from Britain, was born on June 5, 1723, and died on July 17, 1790. Known as the father of modern economics, his work 'The Wealth of Nations' had a profound impact on the development of economics. more

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“There is something on earth greater than arbitrary or despotic power. The lightning has its power, and the whirlwind has its power, and the earthquake has its power; but there is something among men more capable of shaking despotic thrones than lightning, whirlwind, or earthquake, and that is, the excited and aroused indignation of the whole civilized world.”

“Laws provide, as much as ispossible that the goods and health of subjects be not injured by the fraud and violence of others. They do not guard them from thenegligence or ill-husbandry of the possessors themselves.”