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
Adam Smith quotes about
corrects discipline effectual employment fear frauds losing workman
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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authors books books-and-reading discover help program publishers sell ultimately users
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concern low mail vote
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.
alaska begin bill combat cynical department drilling funds matter needs serving subject troops whether
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.
deliver improve services
We want to improve coordination and deliver services as efficiently as possible.
invisible-hand done individual
By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
invisible-hand people competition
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
invisible-hand kingdoms economic
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.