Adam Smith Quotes, Division Quotes, Economics Quotes

The division of labour was limited by the extent of the market

6 years ago

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Tags : Adam Smith Quotes , Division Quotes , Economics Quotes

A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.

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Tags : Adam Smith Quotes , Men Quotes , Order Quotes

Man, an animal that makes bargains.

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Are you in earnest resolved never to barter your liberty for the lordly servitude of a court, but to live free, fearless, and independent? There seems to be one way to continue in that virtuous resolution; and perhaps but one. Never enter the place from whence so few have been able to return; never come within the circle of ambition; nor ever bring yourself into comparison with those masters of the earth who have already engrossed the attention of half mankind before you.

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Tags : Adam Smith Quotes , Ambition Quotes , Independent Quotes

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

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Mercy to the guilty is cruelty to the innocent.

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Tags : Adam Smith Quotes , Patriotic Quotes , Government Quotes

That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.

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Tags : Adam Smith Quotes , Competition Quotes , Branches Quotes

By nature a philosopher is not in genius and disposition half so different from a street porter, as a mastiff is from a greyhound

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Tags : Adam Smith Quotes , Different Quotes , Genius Quotes

The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.

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China is a much richer country than any part of Europe.

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In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.

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Tags : Adam Smith Quotes , Running Quotes , Long Quotes

Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.

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Tags : Adam Smith Quotes , Christian Quotes , Fake People Quotes

That this is the source of our fellow-feeling for the misery of others, that it is by changing places in fancy with the sufferer, that we come either to conceive or to be affected by what he feels, may be demonstrated by many obvious observations, if it should not be thought sufficiently evident of itself. When we see a stroke aimed and just ready to fall upon the leg or arm of another person, we naturally shrink and draw back our own leg or our own arm; and when it does fall, we feel it in some measure, and are hurt by it as well as the sufferer.

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Tags : Adam Smith Quotes , Hurt Quotes , Fall Quotes

The liberal reward of labour, therefore, as it is the affect of increasing wealth, so it is the cause of increasing population. To complain of it, is to lament over the necessary effect and cause of the greatest public prosperity.

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Tags : Adam Smith Quotes , Population Quotes , Complaining Quotes

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow citizens.

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Tags : Adam Smith Quotes , Self Quotes , Humanity Quotes

Though the profusion of Government must undoubtedly have retarded the natural progress of England to wealth and improvement, it has not been able to stop it.

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

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The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.

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When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.

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Tags : Adam Smith Quotes , Errors Quotes , Ordinary Quotes

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company.

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Tags : Adam Smith Quotes , People Quotes , Watches Quotes