Adam Smith

Adam Smith

English economist and philosopher
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.More Adam Smith quotes [03/29/2018 05:03:36]
All jobs are created in direct proportion to the amount of capital employed.More Adam Smith quotes [03/29/2018 05:03:36]
As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.More Adam Smith quotes [03/29/2018 05:03:36]
The liberal reward of labor, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the laboring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they going backwards fast.More Adam Smith quotes [03/29/2018 05:03:36]
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.More Adam Smith quotes [03/29/2018 05:03:36]

Quotes of the month

James Cagney Find your mark, look the other fellow in the eye, and tell the truth. [03/29/2018 05:03:36] More


Bill Gates If the 1980s were about quality and the 1990s were about reengineering, then the 2000s will be about velocity. [03/29/2018 05:03:36] More


John Gottman I believe we're going to find that respect and affection are essential to all relationships working and contempt destroys them. [03/29/2018 05:03:36] More


Jacque Fresco The more intelligent our children, the better our lives and the richer our culture will be. [03/29/2018 05:03:36] More


Andy Murray I've been asked a lot lately if tennis is clean or not. I don't know any more how you judge whether a sport is clean. If one in 100 players is doping, in my eyes that isn't a clean sport. [03/29/2018 05:03:36] More