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Quote by Adam Smith

Work

The Theory of Moral Sentiments

Written by Adam Smith, this influential book delves into the origins and functioning of moral sentiments, offering insights into human behavior and the social order. Smith's analysis of empathy and sympathy as the foundation of moral judgments has had a lasting impact on the study of ethics and social sciences. more

Author

Adam Smith
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

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“In this consists the difference between the character of a miser and that of a person of exact economy and assiduity. The one is anxious about small matters for their own sake; the other attends to them only in consequence of the scheme of life which he has laid down to himself.”

“The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.”

“The importation of gold and silver is not the principal, much less the sole benefit which a nation derives from its foreign trade.”