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
sacrifice law ideas
To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.
men order law
The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order ... ought never to be adopted, till after having been long and carefully examined ... with the most suspicious attention. It comes from an order of men ... who have generally an interest to deceive and even oppress the public
powerful law effort
The natural effort of every individual to better his own condition is so powerful that it is alone, and without any assistance, capable not only of carrying on the society to wealth and prosperity, but of surmounting 100 impertinent obstructions with which the folly of human laws too often encumbers its operations.
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.