by ALN | May 20, 2020 | Adam Smith - Quotes, Economics Quotes
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but...
by Ira Gorelick | May 12, 2020 | Adam Smith - Quotes, Economics Quotes
From An Inquiry into the Nature and Causes of the Wealth of Nations, Book IV, Chap. 2 by Adam Smith. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce...
by Ira Gorelick | May 11, 2020 | Adam Smith - Quotes
“The uniform, constant and uninterrupted effort of every man to better his condition … is frequently powerful enough to maintain the natural progress of things toward improvement, in spite both of the extravagance of government, and of the greatest errors of...
by Ira Gorelick | Mar 10, 2020 | Adam Smith - Quotes
“No human wisdom or knowledge could ever be sufficient [for] the duty of superintending the industry of private people…” “[Governments are] …without exception, the greatest spendthrifts in the society.” “The agents of [government] regard the wealth...
