Adam Smith
Adam Smith
Adam Smith– 17 July 1790) was a Scottish moral philosopher, pioneer of political economy, and a key figure in the Scottish Enlightenment...
NationalityScottish
ProfessionEconomist
Date of Birth5 June 1723
stupid exercise simple
The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.
exercise men hands
The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with most unnecessary attention but assume an authority which could safely be trusted to no council and senate whatever, and which would nowhere be so dangerous as in the hands of man who have folly and presumption enough to fancy himself fit to exercise it.
exercise perfection selfishness
To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.
area best both bring building chicago event excited milwaukee
We're building this area between Milwaukee and Chicago as the best of both worlds. We're just excited to bring another high-profile event here.
animals mankind quotes
Mankind are animals that makes bargains, no other animal does this.
according clothes delicacy employed finds human humble industry life man object produced supply three
Such is the delicacy of man alone, that no object is produced to his liking. He finds that in everything there is need for improvement.... The whole industry of human life is employed not in procuring the supply of our three humble necessities, food, clothes and lodging, but in procuring the conveniences of it according to the nicety and delicacy of our tastes.
performing program ruling
We are not ruling out that if a program is performing poorly, it doesn't get funding.
card digital finding permission
We don't have permission to do that. We're a finding tool, like a digital card catalog.
apology may wealth
In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
happiness cheerfulness habitual
Nothing is more graceful than habitual cheerfulness.
experiments focused
Have lots of experiments, but make sure they're strategically focused.
practice banking may
Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.
vanity progressive-taxation luxury
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.
minorities rewards fool
The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.