Adam Smith Quotes, Real Quotes, Hype Quotes

The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.

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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.

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Tags : Adam Smith Quotes , People Quotes , Age Quotes

To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.

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Sugar, rum and tobacco are commodities which are nowhere necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.

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Tags : Adam Smith Quotes , Taxation Quotes , Sugar Quotes

The ancient Egyptians had a superstitious antipathy to the sea; a superstition nearly of the same kind prevails among the Indians; and the Chinese have never excelled in foreign commerce.

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Have lots of experiments, but make sure they're strategically focused.

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But though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality.

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

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Tags : Adam Smith Quotes , Wages Quotes , Uniforms Quotes

The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

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Tags : Adam Smith Quotes , Country Quotes , Ruins Quotes

There is no art which government sooner learns of another than that of draining money from the pockets of the people.

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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.

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Labor was the first price, the original purchase - money that was paid for all things.

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Tags : Adam Smith Quotes , Labour Movement Quotes , Labor Day 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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The world neither ever saw, nor ever will see, a perfectly fair lottery.

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Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.

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Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.

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Tags : Adam Smith Quotes , Practice Quotes , Principles Quotes

The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.

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Tags : Adam Smith Quotes , Stupid Quotes , Exercise Quotes

The man scarce lives who is not more credulous than he ought to be... The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.

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Tags : Adam Smith Quotes , Believe Quotes , Men Quotes

The emotions of the spectator will still be very apt to fall short of the violence of what is felt by the sufferer. Mankind, though naturally sympathetic, never conceive, for what has befallen another, that degree of passion which naturally animates the person principally concerned.

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Tags : Adam Smith Quotes , Fall Quotes , Passion Quotes

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

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Tags : Adam Smith Quotes , Country Quotes , Banking Quotes