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Adam Smith

Read through the most famous quotes from Adam Smith

Science is the great antidote to the poison of enthusiasm and superstition.

— Adam Smith

#antidote #enthusiasm #great #poison #superstition

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.

— Adam Smith


Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.

— Adam Smith

#conscience #excesses #feared #more #regulation

Problems worthy of attacks, prove their worth by hitting back

— Adam Smith


What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

— Adam Smith

#economics #family

Every man lives by exchanging.

— Adam Smith

#exchange #how-life-works #trade #life

The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.

— Adam Smith

#taxes #wealth #nature

The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another...

— Adam Smith


The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

— Adam Smith

#another #barter #common #exchange #found

Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.

— Adam Smith

#first #gold #labour #money #original

About Adam Smith

Adam Smith Quotes

Did you know about Adam Smith?

Later Marxian economics descending from classical economics also use Smith's labour theories in part. In addition he was in favor of retaliatory tariffs and believed that they would eventually bring down the price of goods. According to Boswell he once told Sir Joshua Reynolds that 'he made it a rule when in company never to talk of what he understood'.

Adam Smith (5 June 1723 OS – 17 July 1790) was a Scottish moral philosopher and a pioneer of political economy. In 2009 Smith was named among the "Greatest Scots" of all time in a vote run by Scottish television channel STV. He died in 1790 at the age of 67.

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