Quotes from Adam Smith

The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.

Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.

We are but one of the multitude, in no respect better than any other in it.

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.

The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities. The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.

Man naturally desires, not only to be loved, but to be lovely.

There is no art which one government sooner learns of another than that of draining money from the pockets of the people.

In a nation distracted by faction, there are, no doubt, always a few, though commonly but a very few, who preserve their judgment untainted by the general contagion. They seldom amount to more than, here and there, a solitary individual, without any influence, excluded, by his own candour, from the confidence of either party, and who, though he may be one of the wisest, is necessarily, upon that very account, one of the most insignificant men in the society.

Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all.

We are but one of the multitude, in no respect better than any other in it.

Consumption is the sole end and purpose of all production

The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine

Are you in earnest resolved never to barter your liberty for the lordly servitude of a court, but to live free, fearless, and independent? There seems to be one way to continue in that virtuous resolution; and perhaps but one. Never enter the place from whence so few have been able to return; never come within the circle of ambition; nor ever bring yourself into comparison with those masters of the earth who have already engrossed the attention of half mankind before you.

There is a great deal of ruin in a nation.

A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.

The poor man's son, whom heaven has in its anger visited with ambition, goes beyong admiration of palaces to envy. He labours all his life to outdo his competitors, only to find the end that the rich are no happier than the poor in the things that really matter.

The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another...

Hatred and anger are the greatest poison to the happiness of a good mind.

This disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition, though necessary both to establish and to maintain the distinction of ranks and the order of society, is, at the same time, the great and most universal cause of the corruption of our moral sentiments.

the typical worker who through the whole of his life...pursues the idea of a certain artificial and elegant repose which he may never arrive at, for which he sacrifices a real tranquility...It is this deception which rouses and keeps in continual motion the industry of mankind.

Virtue is excellence, something uncommonly great and beautiful, which rises far above what is vulgar and ordinary.

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.

The furious behaviour of an angry man is more likely to exasperate us against himself than against his enemies.