Attributed [ edit ] I recollect, when I was lamenting to the Doctor [Adam Smith] the misfortunes of the American war, and exclaimed, "If we go on at this rate, the nation must be ruined; he answered, "Be assured, my young friend, that there is a great deal of ruin in a nation." Every man, as the Stoics used to say, is first and principally recommended to his own care; and every man is certainly, in every respect, fitter and abler to take care of himself than of any other person. Every man feels his own pleasures and his own pains more sensibly than those of other people. The former are the original sensations; the latter the reflected or sympathetic images of those sensations. The former may be said to be the substance; the latter the shadow.

Sir John Sinclair, 1st Baronet, pg390-391 of his letters/memoirs, The Correspondence v1 Quotes about Adam Smith [ edit ] Even today — in blithe disregard to his actual philosophy — Smith is generally regarded as a conservative economist, whereas in fact, he is more avowedly hostile to the motives of businessman than most New Deal economists. A-L [ edit ] I. The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities, that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The strongest raged at the sin of His existence. With a gestalt bellow loud enough to shake the windless air of this alternate reality, they fought to reach their archenemy.

Popular Posts

The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. 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. What an excellent work is that with which our common friend, Mr Adam Smith, has enriched the public!—an extensive science in a single book, and the most profound ideas expressed in the most perspicuous language. Perhaps no economist will ever again so utterly encompass his age as Adam Smith. Certainly none was ever so serene, so devoid of contumacy, so penetratingly critical without rancor, and so optimistic without being utopian. To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.

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, who has strong claim to being both the Adam and the Smith of systematic economics, was a professor of moral philosophy and it was at that forge that economics was made.With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves. Torrents of chemical fire marked Zhanmadao’s position to Ra’s left. Ra could hear the draconic roar of incendium pikes, burning the still-thrashing creatures that had fallen beneath the blades of the Custodians’ first rank. The Ten Thousand and their golden king were shin-deep in ash, the smoky spectres of daemonic entities flailing as they were swallowed by the Emperor’s fire. E. P. Thompson, 'The Moral Economy of the English Crowd in the Eighteenth Century', Past & Present, No. 50 (February 1971), pp. 89-91 Marriage is encouraged in China, not by the profitableness of children, but by the liberty of destroying them.