Adam Smith
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Adam Smith

1723 - 1790

Economist and Philosopher

Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment

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All money is a matter of belief
— Adam Smith
InspirationalLifeLoveMyselfShort
Adam Smith Quote - No complaint is more common than that of a scarcity of money. Free

Adam Smith

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

Adam Smith Quote - Men, like animals, naturally multiply in proportion to the means of their subsistence. Free

Adam Smith

Men, like animals, naturally multiply in proportion to the means of their subsistence.

Adam Smith Quote - 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. Free

Adam Smith

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 Quote - Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it. Free

Adam Smith

Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.

Adam Smith Quote - Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity. Free

Adam Smith

Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.

Adam Smith Quote - Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer. Free

Adam Smith

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Adam Smith Quote - It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures. Free

Adam Smith

It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.

Adam Smith Quote - Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love. Free

Adam Smith

Man naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love.

Adam Smith Quote - The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin. Free

Adam Smith

The rate of profit is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

Adam Smith Quote - What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom. Free

Adam Smith

What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.

Adam Smith Quote - Nothing but the most exemplary morals can give dignity to a man of small fortune. Free

Adam Smith

Nothing but the most exemplary morals can give dignity to a man of small fortune.

Adam Smith Quote - The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination. Free

Adam Smith

The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.

Adam Smith Quote - Wonder and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature. Free

Adam Smith

Wonder and not any expectation of advantage from its discoveries, is the first principle which prompts mankind to the study of Philosophy, of that science which pretends to lay open the concealed connections that unite the various appearances of nature.

Adam Smith Quote - It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves. Free

Adam Smith

It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.

Adam Smith Quote - Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question. Free

Adam Smith

Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.

Adam Smith Quote - The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers. Free

Adam Smith

The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers.

Adam Smith Quote - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State. Free

Adam Smith

Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.

Adam Smith Quote - An English university is a sanctuary in which exploded systems and obsolete prejudices find shelter and protection after they have been . Hunted out of every corner of the world. Free

Adam Smith

An English university is a sanctuary in which exploded systems and obsolete prejudices find shelter and protection after they have been . Hunted out of every corner of the world.

About Adam Smith

Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment

Notable Works

Adam Smith was a pioneering Scottish philosopher and economist who is universally recognized as the "Father of Modern Capitalism" and the founder of modern economics. He revolutionized the understanding of global markets with his landmark 1776 book, The Wealth of Nations, where he introduced the concept of the "invisible hand" to explain how individual self-interest naturally drives economic prosperity and efficiency. Smith championed foundational concepts like the division of labor, free trade, and free-market capitalism, while also authoring The Theory of Moral Sentiments, a seminal work exploring human empathy and morality that laid the philosophical groundwork for his economic theories.

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