Best economics & wealth-of-nations Quotes

“Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.”

“He is led by an invisible hand to promote an end which was no part of his intention”

Ends Hands Nations Ignorance Economics Intention Invisible Adam Self Interest Public Interest Protectionism Invisible Hand Wealth Of Nations Unintended Consequences

Author:Adam Smith

“Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.”

Masters Economics Labor Raises Constant Combination Uniforms Wages Tacit Wealth Of Nations

Book:An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

Source: An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner

“The man of system is apt to be very wise in his own conceit. In the great chess board of human society, every single piece has a principle of motion of its own altogether different from that which the legislature might choose to impress upon it”

Men Humans Different Might Principles Pieces Wise He Man Economics Chess Boards Impress Conceit Legislature Human Society Very Wise Wealth Of Nations Economic Order

Book:The Theory of Moral Sentiments: Or, An Essay Towards an Analysis of the Principles by which Men Naturally Judge Concerning the Conduct and Character, First of Their Neighbours, and Afterwards of Themselves : to which is Added, A Dissertation on the Origin of Languages

Source: The Theory of Moral Sentiments: Or, An Essay Towards an Analysis of the Principles by which Men Naturally Judge Concerning the Conduct and Character, First of Their Neighbours, and Afterwards of Themselves : to which is Added, A Dissertation on the Origin of Languages

“All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.”

People World Has Beens Seems Age Economy Mankind Masters Economics Libertarian Maxims Wealth Of Nations

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

“Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.”

Sometimes Differences Masters Economics Favors Regulation Legislature Workmen Equitable Wealth Of Nations Counsellors

Book:The Wealth of Nations: the Great Master

Source: The Wealth of Nations: the Great Master

“We rarely hear, it has been said, of the combinations [that is, unions or colluding organizations] of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor above their actual price.”