The Philosopher
Adam Smith
The face
The background
- Nationality:
- Scottish
- Schools:
- Scottish Enlightenment, Classical economics
- Branchs:
- Economics, Moral philosophy, Political economy, Jurisprudence
- Period:
- Early Modern Period
The synopsis
Adam Smith was a Scottish economist and philosopher, born in Kirkcaldy, Fife, in 1723. He studied at the University of Glasgow and Balliol College, Oxford, before becoming a professor of moral philosophy at Glasgow. His major works include "The Theory of Moral Sentiments" (1759) and "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776). Smith is credited with developing concepts such as the division of labour and the "invisible hand," and is a key figure in the Scottish Enlightenment. He died in Edinburgh in 1790.
The works
The Theory of Moral Sentiments
An Inquiry into the Nature and Causes of the Wealth of Nations
Lectures on Rhetoric and Belles Lettres
Essays on Philosophical Subjects
Lectures on Justice, Police, Revenue, and Arms
The quotes
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.
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.
The real tragedy of the poor is the poverty of their aspirations.
Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty.
Happiness never lays its finger on its pulse.
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Labor was the first price, the original purchase - money that was paid for all things.
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Defense is superior to opulence.
Humanity is the virtue of a woman, generosity that of a man.
No complaint... is more common than that of a scarcity of money.
Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.
What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
All money is a matter of belief.
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 interest.
To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
I have never known much good done by those who affected to trade for the public good.
Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
Great ambition, the desire of real superiority, of leading and directing, seems to be altogether peculiar to man, and speech is the great instrument of ambition.
This is one of those cases in which the imagination is baffled by the facts.
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
Science is the great antidote to the poison of enthusiasm and superstition.
On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.