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Quote by Adam Smith

“The man who barely abstains from violating either the person, or the estate, or the reputation of his neighbours, has surely very little positive merit. He fulfils, however, all the rules of what is peculiarly called justice, and does every thing which his equals can with propriety force him to do, or which they can punish him for not doing. We may often fulfil all the rules of justice by sitting still and doing nothing.”

Quote by Adam Smith

Book:The Essays on Philosophical Subjects: the Great Master

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The Essays on Philosophical Subjects: the Great Master

This book compiles a series of philosophical essays that delve into profound and complex ideas, showcasing the intellectual depth and insight of the author. more

Author

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

“Among civilized and thriving nations, on the contrary, though a great number of people do no labor at all, many of whom consume the produce of ten times, frequently of a hundred times more labour than the greater part of those who work; yet the produce of the whole labour of the society is so great, that all are often abundantly supplied, and a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniencies of life than it is possible for any savage to acquire.”

People Ifs May Whole Order Nations Enjoy Numbers Greater Share Produce Ten Hundred Labor Contrary Acquire Labour Civilized Savages Lowest Poorest Industrious Workmen Frugal

Author:Adam Smith

“A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.”

Men May Said Might Order Poor Demand Six Coaches Commodity Poor Man

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 natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.”

Natural Commodity Wealth Of Nations

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master

“It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.”

Believe Ends Done Age I Believe Nations Slave Cheaper Work Done Freeman Wealth Of Nations

Book:Wealth of Nations (Abridged)

Source: Wealth of Nations (Abridged)

“The liberal reward of labour, therefore, as it is the affect of increasing wealth, so it is the cause of increasing population. To complain of it, is to lament over the necessary effect and cause of the greatest public prosperity.”

Causes Wealth Effects Rewards Population Prosperity Complaining Labour Lament

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

“With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves.”

People Eye Rich Greater Mark Riches Chiefs Enjoyment Rich People Parades Opulence

Author:Adam Smith

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

Country Europe China Wealth Of Nations

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

“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

Quote by Adam Smith

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