Adam Smith Quotes
As one of the most influential figures in Western philosophy, Adam Smith‘s ideas about economics and morality have been widely studied and debated. In this blog post, we‘ll take a closer look at some most famous Adam Smith Quotes.
Adam Smith was a Scottish economist, philosopher, and author who is considered the father of modern economics. These Adam Smith quotes show his wisdom on a variety of topics including money, capitalism, and human nature.
Adam Smith Quotes
“Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.”
― Adam Smith
“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” ~ (Adam Smith).
“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.” ~ (Adam Smith).
“Science is the great antidote to the poison of enthusiasm and superstition.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Adam Smith Quotes Theory of Moral Sentiments
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-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”
― Adam Smith, An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1
“The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.” ~ (Adam Smith).
“Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.” ~ (Adam Smith).
Adam Smith Quotes on Greed
“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. ”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
“Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.” ~ (Adam Smith).
Adam Smith Quotes on Poverty
“Science is the great antidote to the poison of enthusiasm and superstition.” ~ (Adam Smith).
“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?” ~ (Adam Smith).
“In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest.
Adam Smith Quotes on Education
Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. 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.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
“The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.” ~ (Adam Smith).
“Mercy to the guilty is cruelty to the innocent.” ~ (Adam Smith).
Adam Smith Quotes Government
“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.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
“All money is a matter of belief.” ~ (Adam Smith).
“Individual Ambition Serves the Common Good.” ~ (Adam Smith).
Adam Smith Quotes on Laissez Faire
“A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it’s people.” ~ (Adam Smith).
“Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” ~ (Adam Smith).
What Is Adam Smith’s Most Famous Theory?
Adam Smith‘s most famous theory is his theory of economic growth. This theory states that economic growth is determined by the amount of capital that is available for investment. This theory is based on the idea that capital is necessary for the development of new technologies and the expansion of businesses.
What Does Adam Smith’s Quote Mean?
Adam Smith‘s quote “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“ means that people who work in the same industry will often get together and plot ways to increase prices or take advantage of the public in some other way. This is something that happens regularly, and it‘s something that Smith believed was a big problem.
What Was Adam Smith’s Main Idea?
Adam Smith was a Scottish economist and philosopher who is best known for his work, “An Inquiry into the Nature and Causes of the Wealth of Nations.” In this work, Smith put forth the idea that the wealth of a nation was not based on its gold and silver reserves, but on its productive capacity. This was a radical idea at the time, and one that has had a lasting impact on economic thought.
What Does Adam Smith Say About Freedom?
Adam Smith, one of the most influential thinkers of the Scottish Enlightenment, said that “freedom is of the essence of man.” In other words, freedom is an essential part of what it means to be human. Smith believed that humans are naturally inclined to seek out freedom, and that any restrictions on freedom are ultimately harmful to both individuals and society as a whole.
Adam Smith was a Scottish economist and philosopher who is considered the father of modern economics. He is best known for his book “The Wealth of Nations,” which is considered one of the most influential books ever written. Adam Smith Quotes are still relevant today, as they offer insight into human nature and the workings of the economy.
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