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Quote by Adam Smith

“China is a much richer country than any part of Europe.”

Quote by Adam Smith

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

Work

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

This classic text delves into the principles of economics, analyzing the production, distribution, and consumption of goods and services, and their impact on economic growth and societal welfare. more

Author

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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“Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.”

Values Materials Masters Add Profit Contrary Servant Labour Maintenance

Book:The Wealth of Nations: An Inquiry Into the Nature and Causes of the Wealth of Nations: With an introduction by Jonathan B. Wight, University of Richmond

Source: The Wealth of Nations: An Inquiry Into the Nature and Causes of the Wealth of Nations: With an introduction by Jonathan B. Wight, University of Richmond

“The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.”

Mean Values Nations Numbers Land Produce Productive Labour Employed Annuals Labourers

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

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

“Though the profusion of Government must undoubtedly have retarded the natural progress of England to wealth and improvement, it has not been able to stop it.”

Government Able Natural Wealth Progress England Improvement Retarded

Book:An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

Source: An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

“The great affair, we always find, is to get money.”

Affair Get Money

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master

“When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.”

Happens Greater Ordinary Trade Errors Profit Trading Dealer

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

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

“The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire; for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.”

Kind Littles Art Political Interest Regard Customers Empires Maxims Traders Great Empires

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

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

“The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.”

Humans Evil Violence Mankind Injustice Affair Ancient Rulers Remedy Scarce

Book:An Inquiry into the Nature and Causes of the Wealth of Nations: A Selected Edition

Source: An Inquiry into the Nature and Causes of the Wealth of Nations: A Selected Edition

“For a very small expence the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.”

People Whole Body Essentials Facilitate Progressive Taxation

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

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

“Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.”

Men Government Order Cases Particular Ought Instruments Smallest Employed Wretched Pretension

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

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

“Good roads, canals, and navigable rivers, by diminishing the expence of carriage, put the remote parts of the country more nearly upon a level with with those of the neighbourhood of the town. They are upon that the greatest of all improvements.”

Country Levels Rivers Towns Improvement Carriages Canals Neighbourhoods

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master