Adam Smith
![Adam Smith](/assets/img/authors/adam-smith.jpg)
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
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The real and effectual discipline which is exercised over a workman is ... that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
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You could pay down the national deficit with the cost of tickets.
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There's a lot of concern about the dependability of touch-screen voting, for example. Vote by mail may be low tech, but it works.
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The contentious matter of whether or not to begin drilling in Alaska has no place in a bill that funds the Department of Defense. The needs of our troops serving in combat should never be subject to such cynical politics.
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Every individual...generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
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Labor was the first price, the original purchase-money that was paid for all things.
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It was nerve-wracking coming to get my results. I was totally unsure what they would be. My offer from Sheffield was three As and my insurance offer from Leeds was also three As.
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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.
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The real tragedy of the poor is the poverty of their aspirations.
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A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.Most government is by the rich for the rich. Government comprises a large part of the organized injustice in any society, ancient or modern.Civil government, insofar as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, and for the defence of those who have property against those who have none.