July 17 Quotes

106 quotes in this collection

"Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer you approach to this certainty. A quiet truth about human nature."

-- Adam Smith

"Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. Such is the nature of a growing economy."

-- Adam Smith

"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience. Words that still shape our understanding of trade."

-- Adam Smith

"Mercy to the guilty is cruelty to the innocent. A profound reflection on morality and society."

-- Adam Smith

"Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another. An observation that echoes through modern markets."

-- Adam Smith

"The great secret of education is to direct vanity to proper objects. This simple truth drives human enterprise."

-- Adam Smith

"The secret of education lies in respecting the student. A rational perspective on human ambition."

-- Adam Smith

"Consumption is the sole end and purpose of all production. An insight drawn from the invisible hand."

-- Adam Smith

"Labor was the first price, the original purchase-money that was paid for all things. This remains a cornerstone of economic thought."

-- Adam Smith

"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. A fundamental law of wealth and nations."

-- Adam Smith

"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. Such is the nature of a growing economy."

-- Adam Smith

"The real tragedy of the poor is the poverty of their aspirations. Words that still shape our understanding of trade."

-- Adam Smith

"Science is the great antidote to the poison of enthusiasm and superstition. A quiet truth about human nature."

-- Adam Smith

"Our merchants and master-manufacturers complain much of the bad effects of high wages... They are silent with regard to the pernicious effects of their own gains. A profound reflection on morality and society."

-- Adam Smith

"We are but one of the multitude, in no respect better than any other in it. An observation that echoes through modern markets."

-- Adam Smith

"Happiness never lays its finger on its pulse. This simple truth drives human enterprise."

-- Adam Smith

"The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence. This remains a cornerstone of economic thought."

-- Adam Smith

"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches. A rational perspective on human ambition."

-- 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. An insight drawn from the invisible hand."

-- Adam Smith

"Avarice over-reaches itself, or perhaps engenders some new vice. Such is the nature of a growing economy."

-- Adam Smith

"The uniform, constant, and uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private opulence is originally derived, is frequently powerful enough to maintain the natural progress of things toward improvement. A fundamental law of wealth and nations."

-- Adam Smith

"Defense is of much more importance than opulence. A quiet truth about human nature."

-- Adam Smith

"All money is a matter of belief. A profound reflection on morality and society."

-- Adam Smith

"The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments. Words that still shape our understanding of trade."

-- Adam Smith
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