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Adam Smith Quotes

Adam Smith quote from classy quote

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.

~ Adam Smith

Adam Smith Discipline Losing Real

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

Adam Smith Men Animals Truck

Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.

~ Adam Smith

Adam Smith Man Ambition Speech

This is one of those cases in which the imagination is baffled by the facts.

~ Adam Smith

Adam Smith Facts Which Cases

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

Adam Smith Gold World Wealth

No complaint... is more common than that of a scarcity of money.

~ Adam Smith

Adam Smith Scarcity Common Than

Labor was the first price, the original purchase - money that was paid for all things.

~ Adam Smith

Adam Smith First Labor Price

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

~ Adam Smith

Adam Smith Justice Easy Rest

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

~ Adam Smith

Adam Smith Love Country Reap

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

~ Adam Smith

Adam Smith Happy Poor Far
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