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 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. Free

Adam Smith

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

Adam Smith Quote - The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money. Free

Adam Smith

The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.

Adam Smith Quote - I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations. Free

Adam Smith

I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.

Adam Smith Quote - I have never known much good done by those who affected to trade for the public good. Free

Adam Smith

I have never known much good done by those who affected to trade for the public good.

Adam Smith Quote - In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for. Free

Adam Smith

In ease of body, peace of mind, all the different ranks of life are nearly upon a level and the beggar who suns himself by the side of the highway, possesses that security which kings are fighting for.

Adam Smith Quote - 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. Free

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

Adam Smith

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

Adam Smith Quote - A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it. Free

Adam Smith

A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.

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

Adam Smith

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

Adam Smith Quote - 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. Free

Adam Smith

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 Quote - 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. Free

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 Quote - The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy. Free

Adam Smith

The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.

Adam Smith Quote - The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer. Free

Adam Smith

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.

Adam Smith Quote - He is led by an invisible hand to promote an end which was no part of his intention. Free

Adam Smith

He is led by an invisible hand to promote an end which was no part of his intention.

Adam Smith Quote - Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency. Free

Adam Smith

Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.

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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