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Quote by Adam Smith

“All the improvements in machinery, however, have by no means been the inventions of those who had occasion to use the machines. Many improvements have been made by the ingenuity of the makers of the machines, when to make them became the business of a peculiar trade; and some by that of those who are called philosophers or men of speculation, whose trade it is not to do anything, but to observe everything; and who, upon that account, are often capable of combining together the powers of the most distant and dissimilar objects. In the progress of society, philosophy or speculation becomes, like every other employment, the principal or sole trade and occupation of a particular class of citizens. Like every other employment too, it is subdivided into a great number of different branches, each of which affords occupation to a peculiar tribe or class of philosophers; and this subdivision of employment in philosophy, as well as in every other business, improves dexterity, and saves time. Each individual becomes more expert in his own peculiar branch, more work is done upon the whole, and the quantity of science is considerably increased by it.”

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

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“An Inquiry into the Nature and Causes of the Wealth of Nations, which Smith published in 1776, is the most important book ever written about capitalism and its moral ramifications. Though The Wealth of Nations is in good part about commerce, it was not written for businessmen or merchants. A book focused on the analysis of market processes motivated by self-interest, it was written by one of the most admired philosophers of the Enlightenment, a former professor of logic, rhetoric, jurisprudence, and moral philosophy, in order to influence politicians and rouse them to pursue the common good.”

“Many people often ask God for a sign, believing that the sign will be smooth sailing, perfect windspeed, moderate temperatures... so when the winds dance and the waves sing and the temperatures confuse, they think that God's not there anymore. They believe that God is saying, "Watch out! Don't go there!" But the thing is, when something is good, it's not smooth sailing and perfect windspeed and moderate temperatures that are the signs to look out for! When something is good, it has mountain ranges, precipices, cliffs, eagles, tombstones covered in ivy and lily of the valley, mountain goats and a wind so close to the mouth of God that it shakes your flesh to its very core! So when they begin to hop on the precipices and hear the eagles' call— they think God isn't there! They think God is saying "Watch out!" They too often fail to traverse the ivy-encrusted tombstones, to tremble and quiver in beauty under God's breath. Don't run away.”