Adam Smith Quotes & Sayings (Page 2)

“All money is a matter of belief.”

“Science is the great antidote to the poison of enthusiasm and superstition.”

“It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.”

“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.”

“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.”

“On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.”

“The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.”

“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.”

“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.”

“Happiness never lays its finger on its pulse.”