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Quote by Adam Smith

“In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.”

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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“Beneficence is always free, it cannot be extorted by force.”

Force Beneficence

Book:Delphi Complete Works of Adam Smith (Illustrated)

Source: Delphi Complete Works of Adam Smith (Illustrated)

“In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.”

May Long Running Masters Management Long Runs Workmen

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

“Capitals are increased by parsimony, and diminished by prodigalityand misconduct. By what a frugal man annually saves he not onlyaffords maintenance to an additional number of productive hands?but?he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.”

Men Hands Numbers Equal All Time Productive Fund Perpetual Maintenance Frugal Misconduct Parsimony

Author:Adam Smith

“The principle which prompts to save is the desire of bettering our conditiona desire which?comes with us from the womb and never leaves us till we go into the grave.”

Desire Principles Graves Womb Prompts

Author: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.”

Men May Littles Persons Doe Stills Force Justice He Man Sitting Reputation Merit Estates Doing Nothing Neighbour Propriety Sitting Still

Book:The Essays on Philosophical Subjects: the Great Master

Source: The Essays on Philosophical Subjects: the Great Master

“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.”

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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