Adam Smith Quotes, Sea Quotes, Chinese 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.

6 years ago

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Tags : Adam Smith Quotes , Sea Quotes , Chinese 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.

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The education of the common people requires, perhaps, in a civilized and commercial society, the attention of the public more than that of people of some rank and fortune.

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Tags : Adam Smith Quotes , People Quotes , Attention Quotes

Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.

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Tags : Adam Smith Quotes , Nature Quotes , Hate 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.

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Tags : Adam Smith Quotes , Practice Quotes , Principles Quotes

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.

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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.

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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.

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Whatever work he does, beyond what is sufficient to purchase his own maintenance, can be squeezed out of him by violence only, and not by any interest of his own.

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Tags : Adam Smith Quotes , Doe Quotes , Maintenance Quotes

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

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Tags : Adam Smith Quotes , Peace Quotes , Justice 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

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

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Tags : Adam Smith Quotes , Cities Quotes , Progress Quotes

Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.

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Secrets in manufactures are capable of being longer kept than secrets in trade.

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

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That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.

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To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.

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Tags : Adam Smith Quotes , Liberty Quotes , Would Be Quotes

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

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Tags : Adam Smith Quotes , Division Quotes , Economics Quotes

In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.

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Tags : Adam Smith Quotes , Kings Quotes , Fighting Quotes