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Quote by Adam Smith

“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.”

Quote by Adam Smith

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

Work

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

This selected edition of Adam Smith's classic treatise explores the fundamental concepts of economics, including the division of labor, the role of markets, and the origins of wealth. It is a foundational text in the field of economics, offering insights into the development of modern economic theory. 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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“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

“To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it.”

Should Trade Absurd Britain Utopia Great Britain

Book:An Inquiry Into the Nature and Causes of the Wealth of Nations: With Notes, and an Additional Volume

Source: An Inquiry Into the Nature and Causes of the Wealth of Nations: With Notes, and an Additional Volume

“The education of the common people requires, perhaps, in a civilized and commercial society, the attention of the public more than that of people of some rank and fortune.”

People Common Attention Fortune Civilized

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

“But though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality.”

Men Aim Mortals Immortality 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

“In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.”

Mind Different Body Fighting Sides Levels Sun Security Kings Ease Peace Of Mind Highways Beggar

Author:Adam Smith

“Consumption is the sole end and purpose of all production.”

Ends Purpose Productions Sole Consumption Promoting Overconsumption Wealth Of Nations Small Is Beautiful

Author:Adam Smith

“In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce; and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species.”

Mean Two Ends Body Purpose Universe Individual Animal Support Produce Plant Species Admire Mechanism Advancing Artifice Propagation

Book:The Essential Adam Smith

Source: The Essential Adam Smith

“This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.”

Source: The Wealth of Nations: the Great Master