About Adam Smith:
Adam Smith was a British moral philosopher, pioneer of political economy, and key Scottish Enlightenment figure.
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 perfect...Adam Smith
The prudent man is always sincere, and feels horror at the very thought of exposing himself to the disgrace which attends upon the detection of falsehood. But though always sincere, he is not always frank and open; and though he never tells any thing...Adam Smith
If there is any society among robbers and murderers, they must at least. . . .abstain from robbing and murdering one another. So beneficence is less essential than justice is to the existence of society; a lack of beneficence will make a society unco...Adam Smith
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.Adam Smith
The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order ... ought never to be adopted, till after having b...Adam Smith
In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessenin...Adam Smith