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Quote by Adam Smith

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”

Quote by Adam Smith

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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“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”

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

“To feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature.”

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Author:Adam Smith

“Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.”

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

“Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.”

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Author:Adam Smith

“As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.”

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Book:An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

Source: An inquiry into the nature and causes of the wealth of nations. With notes, and an additional vol., by D. Buchanan

“Science is the great antidote to the poison of enthusiasm and superstition.”

“The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.”

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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

“All money is a matter of belief.”

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“On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.”

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Book:Powers of Mind

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“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.”

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Author:Adam Smith