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In this consists the difference between the character of a miser and that of a person of exact economy and assiduity. The one is anxious about small matters for their own sake; the other attends to them only in consequence of the scheme of life which he has laid down to himself.
Adam Smith
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The retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
Adam Smith
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That of beaver skins, of beaver wool, and of gum Senega, has been subjected to higher duties; Great Britain, by the conquest of Canada and Senegal, having got almost the monopoly of those commodities.
Adam Smith
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The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes.
Adam Smith
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For a very small expence the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.
Adam Smith
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The man who esteems himself as he ought, and no more than he ought, seldom fails to obtain from other people all the esteem that he himself thinks due. He desires no more than is due to him, and he rests upon it with complete satisfaction.
Adam Smith
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It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
Adam Smith
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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.
Adam Smith
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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
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Corn is a necessary, silver is only a superfluity.
Adam Smith
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How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.
Adam Smith
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Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.
Adam Smith
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In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
Adam Smith
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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.
Adam Smith
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A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
Adam Smith
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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
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The rulers of Great Britain have, for more than a century past, amused the people with the imagination that they possessed a great empire on the west side of the Atlantic. This empire, however, has hitherto existed in imagination only.
Adam Smith
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II. The tax which each individual is bound to pay ought to be certain, and not arbitrary.
Adam Smith
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Upstart greatness is everywhere less respected than ancient greatness.
Adam Smith
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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
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If a workman can conveniently spare those three halfpence, he buys a pot of porter. If he cannot, he contents himself with a pint, and, as a penny saved is a penny got, he thus gains a farthing by his temperance.
Adam Smith
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
Adam Smith
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It may indeed be doubted, whether butcher's meat is any where a necessary of life. Grain and other vegetables, with the help of milk, cheese, and butter, or oil, where butter is not to be had, it is known from experience, can, without any butcher's meat, afford the most plentiful, the most wholesome, the most nourishing, and the most invigorating diet.
Adam Smith
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Every faculty in one man is the measure by which he judges of the like faculty in another. I judge of your sight by my sight, of your ear by my ear, of your reason by my reason, of your resentment by my resentment, of your love by my love. I neither have, nor can have, any other way of judging about them.
Adam Smith
