The great secret of education is to direct vanity to proper objects. Adam Smith More Quotes by Adam Smith More Quotes From Adam Smith What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom. Adam Smith invisible-hand economic kingdoms No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed and lodged. Adam Smith body should-have people Have lots of experiments, but make sure they're strategically focused. Adam Smith focused experiments I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations. Adam Smith arithmetic political mean The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. Adam Smith wealth-of-nations commodity natural 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. Adam Smith prejudice education world Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity. Adam Smith animosity excited violence Men, like animals, naturally multiply in proportion to the means of their subsistence. Adam Smith animal men mean Whatever work he does, beyond what is sufficient to purchase his own maintenance, can be squeezed out of him by violence only, and not by any interest of his own. Adam Smith maintenance violence doe 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 may running long This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many. Adam Smith numbers men people But though empires, like all the other works of men, have all hitherto proved mortal, yet every empire aims at immortality. Adam Smith immortality empires men That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries. Adam Smith gains chance may Both ground- rents and the ordinary rent of land are a species of revenue which the owner, in many cases, enjoys without any care or attention of his own. The annual produce of the land and labour of the society, the real wealth and revenue of the great body of the people, might be the same after such a tax as before. Ground-rents, and the ordinary rent of land are, therefore, perhaps the species of revenue which can best bear to have a peculiar tax imposed upon them. Adam Smith land real people Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them. Adam Smith desire giving men When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers. Adam Smith profit errors ordinary 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 differences matter character Secrets in manufactures are capable of being longer kept than secrets in trade. Adam Smith capable trade secret All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist. Adam Smith register kept-secrets secret The difference between the most dissimilar characters, between a philosopher and a common street porter, for example, seems to arise not so much from nature, as from habit, custom, and education. Adam Smith division-of-labor differences character
