Adam Smith Quotes

Adam Smith Picture Quote image saying: It is important to understand that there are two separate battles taking
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It is important to understand that there are two separate battles taking place in Iraq: there is the political rift between the Sunnis, Shia and the Kurds and there is a foreign extremist group - ISIS - trying to take advantage of the political environment through violence. If the Iraqis can resolve their political differences, it will be far more difficult for ISIS to thrive. Moving forward, we should continue to evaluate additional steps to help combat ISIS as we see what the Iraqis are willing to do politically, but we must also firmly guard against mission creep.

Adam Smith

Adam Smith Picture Quote image saying: Such regulations may, no doubt, be considered as in some respect a
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Such regulations may, no doubt, be considered as in some respect a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments; of the most free, as well as or the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed.

Adam Smith

Adam Smith Picture Quote image saying: The necessaries of life occasion the great expense of the poor. They
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The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Adam Smith

Adam Smith Picture Quote image saying: Are you in earnest resolved never to barter your liberty for the
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Are you in earnest resolved never to barter your liberty for the lordly servitude of a court, but to live free, fearless, and independent? There seems to be one way to continue in that virtuous resolution; and perhaps but one. Never enter the place from whence so few have been able to return; never come within the circle of ambition; nor ever bring yourself into comparison with those masters of the earth who have already engrossed the attention of half mankind before you.

Adam Smith

Adam Smith Picture Quote image saying: People of the same trade seldom meet together, even for merriment and
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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.

Adam Smith

Adam Smith Picture Quote image saying: This great increase of the quantity of work which, in consequence of
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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.

Adam Smith

Adam Smith Picture Quote image saying: That this is the source of our fellow-feeling for the misery of
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That this is the source of our fellow-feeling for the misery of others, that it is by changing places in fancy with the sufferer, that we come either to conceive or to be affected by what he feels, may be demonstrated by many obvious observations, if it should not be thought sufficiently evident of itself. When we see a stroke aimed and just ready to fall upon the leg or arm of another person, we naturally shrink and draw back our own leg or our own arm; and when it does fall, we feel it in some measure, and are... Read more »

Adam Smith