Quotessence
Home / Quotes / Quote by Adam Smith

Quote by Adam Smith

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

You May Also Like

“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”

DoneNationsWealthMoralityEconomicsProsperityInjuryTranquilityFoundingBankingOur Founding FathersUs Founding FathersBankers And Banks
Book:The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations
Create image

“This focus on money and power may do wonders in the marketplace, but it creates a tremendous crisis in our society. People who have spent all day learning how to sell themselves and to manipulate others are in no position to form lasting friendships or intimate relationships... Many Americans hunger for a different kind of society - one based on principles of caring, ethical and spiritual sensitivity, and communal solidarity. Their need for meaning is just as intense as their need for economic security.”

PeopleNeedsKindMayDifferentSpiritualFormWonderPrinciplesEconomyFocusEconomicSecurityPositionCrisisSellsHungerCaringTyrannyIntenseIntimateOur SocietyLastingEthicalTyrantsDifferent KindsSolidaritySensitivityManipulateMarketplaceIntimate RelationshipsMoney And PowerLasting FriendshipEconomic Security
Author:Michael Lerner
Create image

“The liberal reward of labor, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the laboring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they going backwards fast.”

HandsNaturalWealthPoorConditionsEffectsEconomicsLaborRewardsBackwardsSymptomsStarvingMaintenance
Book:The Wealth of Nations: Representative Selections
Create image

“The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state ....As Henry Home (Lord Kames) has written, a goal of taxation should be to 'remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'”

ShouldStatesHomeGovernmentEnjoyGoalAbilityPoorLordSupportRichWrittenSubjectsOughtEconomicsProtectionLibertarianRichesInequalityProportionRemedyTaxationRevenue
Author:Adam Smith
Create image