Adam Smith Quotes

Biography: Adam Smith is known for his seminal work in economics, "The Wealth of ... more Biography: Adam Smith is known for his seminal work in economics, "The Wealth of Nations." Born in 1723 in Scotland, he laid the foundations of classical free-market economic theory. A moral philosopher, Smith's ideas on division of labor and the "invisible hand" have profoundly influenced modern economic thought. less

"The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected that they should watch over it with the same anxious vigilance""Resentment seems to have been given us by nature for a defense and security against injuries""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""With the same spirit of gratitude, as we had a better use of our faculties than by listening to the teachers who knew that lesson best""Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience""Consumption is the sole end and purpose of all production""Happiness never lays its finger on its pulse""The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination""On the road from the City of Skepticism I had to pass through the Valley of Ambiguity""Man is an animal that makes bargains no other animal does this no dog exchanges bones with another""Mercy to the guilty is cruelty to the innocent""The Wealth of Nations is the Bible of capitalism""To feel much for others and little for ourselves, to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature, and can alone give us that tranquility which is the natural and proper object of human desire""All money is a matter of belief""The first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of a military force""No society can surely be flourishing and happy of which the far greater part of the members are poor and miserable""Science is the great antidote to the poison of enthusiasm and superstition""The real tragedy of the poor is the poverty of their aspirations"

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