Adam Smith Quotes

Enjoy the top 253 famous quotes, sayings and quotations by Adam Smith.

Adam Smith Quotes

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
— Adam Smith —

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.

— Adam Smith

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

— Adam Smith

What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him. The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.

— Adam Smith

A man within the breast ...

— Adam Smith

To superficial minds, the vices of the great seem at all times agreeable.

— Adam Smith

To those who have been accustomed to the possession, or even to the hope of public admiration, all other pleasures sicken and decay. Of all the discarded statesmen who for their own ease have studied to get the better of ambition, and to despise those honours which they could no longer arrive at, how few have been able to succeed?

— Adam Smith

What is the work of one man, in a rude state of society, being generally that of several in an improved one.

— Adam Smith

After all that has been said of the levity and inconstancy of human nature, it appears evidently from experience, that man is, of all sorts of luggage, the most difficult to be transported.

— Adam Smith

Secrets in manufactures are capable of being longer kept than secrets in trade.

— Adam Smith

That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.

— Adam Smith

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.

— Adam Smith

In the long-run the workman may be as necessary to his master as his master is to him, but the necessity is not so immediate.

— Adam Smith

The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.

— Adam Smith

A sketch of a man facing to the right.

— Adam Smith

The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.

— Adam Smith

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