Adam Smith

Wealth of Nations, capitalism

Early Modern influential 86 sayings

Sayings by Adam Smith

The rich, by consuming the produce of the labour of the poor, in fact, employ them, and give them a maintenance.

1776 — The Wealth of Nations, Book II, Chapter III
Controversial Unverifiable

The labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past. The labour of the menial servant, on the contrary, does not fix or realize itself in any particular subject or vendible commodity. His services generally perish in the very instant of their performance, and seldom leave any trace or value behind them for which an equal quantity of service could afterwards be procured.

1776 — The Wealth of Nations, Book II, Chapter III
Controversial Unverifiable

The price of monopoly is upon every occasion the highest which can be got.

1776 — The Wealth of Nations, Book I, Chapter VII
Controversial Unverifiable

With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves.

1759 — The Theory of Moral Sentiments, Part I, Section III, Chapter II
Controversial Unverifiable

The great secret of education is to direct vanity to proper objects.

1762-1763 (published posthumously) — Lectures on Rhetoric and Belles Lettres, Part I, Lecture 10
Controversial Unverifiable

The great source of our miseries is the comparison of our own condition with that of others.

1759 — The Theory of Moral Sentiments, Part III, Chapter III
Controversial Unverifiable

The rich man glories in his riches, because he feels that they naturally draw upon him the attention of the world.

1759 — The Theory of Moral Sentiments, Part I, Section III, Chapter II
Controversial Unverifiable

The greatest and most important branch of the commerce of every nation, is that which is carried on between the inhabitants of the town and those of the country. The one furnishes the other with raw materials, which it works up into manufactured articles, and returns to the other, to be again exchanged for more raw materials, and other necessaries of life.

1776 — The Wealth of Nations, Book III, Chapter I
Controversial Unverifiable

The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the quantity of labour which it enables him to purchase or command.

1776 — The Wealth of Nations, Book I, Chapter V
Controversial Unverifiable

The highest and most important office of government is to maintain justice.

1759 — The Theory of Moral Sentiments, Part II, Section II, Chapter III
Controversial Unverifiable

Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniencies, and amusements of human life.

1776 — The Wealth of Nations, Book I, Chapter V
Controversial Unverifiable

The expense of defending the society, and that of supporting the dignity of the chief magistrate, are both laid out for the general benefit of the whole society. It is reasonable, therefore, that they should be defrayed by the general contribution of the whole society, all the different members contributing, as nearly as possible, in proportion to their respective abilities.

1776 — The Wealth of Nations, Book V, Chapter II, Part II, Article I
Controversial Unverifiable

The greatest fault of the rich is that they are less sensible of the wants of the poor than the poor are of the wants of the rich.

1759 — The Theory of Moral Sentiments, Part I, Section III, Chapter II
Controversial Unverifiable

The desire of building, and the love of distinction, are the passions which give the greatest encouragement to the fine arts.

1762-1763 (published posthumously) — Lectures on Jurisprudence, Part II, Lecture 23
Controversial Unverifiable

The common people are always more afraid of the king, and the nobility, than of each other.

1762-1763 (published posthumously) — Lectures on Jurisprudence, Part I, Lecture 1 (Student Notes)
Controversial Unverifiable

The most opulent nations, indeed, are in general the most happy and comfortable.

1776 — The Wealth of Nations, Book I, Chapter VIII
Controversial Unverifiable

The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations.

1776 — The Wealth of Nations, Book IV, Chapter V
Controversial Confirmed

The great object of the political economy of every country is to increase the riches and power of that country.

1776 — The Wealth of Nations, Introduction
Controversial Unverifiable

The annual produce of the land and labour of the society, the real revenue of all its inhabitants.

1776 — The Wealth of Nations, Introduction
Controversial Unverifiable

The love of praise, and the dread of blame, are, in a great measure, the springs of our activity.

1759 — The Theory of Moral Sentiments, Part III, Chapter II
Controversial Unverifiable