• Categories
Location |   Home >> Quotes SMS >> Author Wise Quotes >> Adam Smith Quotes
  • Adam Smith Quotes   204
  • In raising the price of commodities, the rise of wages operates in the same manner as simple interest does in the accumulation of debt. Our merchants and master manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods, both at home and abroad. They say nothing concerning the bad effects of high profits; they are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.
    • 5 years ago



    Tags : Adam Smith Quotes , Philosophy Quotes , Simple 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.
    • 5 years ago



    Tags : Adam Smith Quotes , Fall Quotes , Passion Quotes
  • Thus the labour of a manufacture adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his masters profits. The labour of a menial servant, on the contrary, adds to the value of nothing.
    • 5 years ago



    Tags : Adam Smith Quotes , Add Quotes , Maintenance 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.
    • 5 years ago



    Tags : Adam Smith Quotes , Hands Quotes , Invisible Hand 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.
    • 5 years ago



    Tags : Adam Smith Quotes , Self Quotes , Humanity Quotes
  • 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.
    • 5 years ago



    Tags : Adam Smith Quotes , Practice Quotes , Principles Quotes
  • A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.
    • 5 years ago



    Tags : Adam Smith Quotes , Men Quotes , Race Quotes
  • 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.
    • 5 years ago



    Tags : Adam Smith Quotes , Differences Quotes , Favors Quotes
  • A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.
    • 5 years ago



    Tags : Adam Smith Quotes , Competition Quotes , Secret Quotes
  • This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
    • 5 years ago



    Tags : Adam Smith Quotes , Men Quotes , Numbers Quotes
  • The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities. The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
    • 5 years ago



    Tags : Adam Smith Quotes , Real Quotes , Mean Quotes