Adam Smith

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Adam Smith

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

ExpectationFoodInterestJobOurselvesRegard

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Adam Smith

All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.

AgeKindManMasterOurselvesPeopleWorld

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Adam Smith

The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

CostManPriceRealityTrouble

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Adam Smith

Every man lives by exchanging.

GenerosityLiveMan

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Adam Smith

A merchant, it has been said very properly, is not necessarily the citizen of any particular country.

CitizenshipCountryNecessaryPropertyTrade

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Adam Smith

The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.

AffectDirectionGreatnessImprovementJudgementPowerProductionSkillWork

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Adam Smith

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.

GoodnessMyselfPursueSocietyTrade

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Adam Smith

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

EconomyMoneyPriceWork

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Adam Smith

As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.

BeginningControlDestructionEndGovernmentManagementNatureRelationship

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Adam Smith

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.

ActiveCountryGreatnessProduction

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Adam Smith

Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.

AnimalAttitudeCharacterDogMan

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Adam Smith

There is no art which government sooner learns of another than that of draining money from the pockets of the people.

ArtDemocracyGovernmentLearningMoneyPeoplePolitics

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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.

CorruptionEmotionGreatnessMoralOurselvesPersonPoorPowerfulRichWorship

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Adam Smith

It is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.

EconomyGreatnessKingPeoplePretendPrivacySociety

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Adam Smith

An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.

IgnoranceInstructionIntelligenceOneselfOrderPeopleStupidity

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Adam Smith

Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.

BeggarChoiceCitizenshipIndependent

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Adam Smith

It must always be remembered, however, that it is the luxuries, and not the necessary expense of the inferior ranks of people, that ought ever to be taxed.

LuxuryNecessaryPeoplePriceRememberTax

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Adam Smith

Beneficence is always free, it cannot be extorted by force.

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