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  • Adam Smith Quotes   204
  • Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile system the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.
    • 5 years ago



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



    Tags : Adam Smith Quotes , Country Quotes , Banking Quotes
  • People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty or justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.
    • 5 years ago



    Tags : Adam Smith Quotes , Law Quotes , Justice 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
  • Wonder... and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.
    • 5 years ago



    Tags : Adam Smith Quotes , Philosophy Quotes , Knowledge Quotes
  • The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of excess in what is their daily fare... On the contrary, in the countries which, either from excessive heat or cold, produce no grapes, and where wine consequently is dear and a rarity, drunkenness is a common vice.
    • 5 years ago



    Tags : Adam Smith Quotes , Country Quotes , Wine Quotes