“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.”Adam Smith
Adam Smith Quotes

50 FAMOUS QUOTES · ECONOMIST
Adam Smith Quotes
Read the 50 best Adam Smith quotes on money, markets, labour, happiness and human nature from the Scottish father of modern economics.
GamblingRisk
“I have never known much good done by those who affected to trade for the public good.”Adam Smith
BusinessSincerity
“He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”Adam Smith
Invisible HandEconomics
“By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.”Adam Smith
Self InterestSociety
“The greatest improvement in the productive powers of labour seems to have been the effects of the division of labour.”Adam Smith
Division Of LabourProductivity
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”Adam Smith
CompetitionBusiness
“Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life.”Adam Smith
WealthLiving Standards
“What improves the circumstances of the greater part can never be regarded as an inconveniency to the whole.”Adam Smith
ProsperitySociety
“The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.”Adam Smith
LabourRights
“It is the highest impertinence and presumption in kings and ministers to pretend to watch over the economy of private people.”Adam Smith
GovernmentLiberty
“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.”Adam Smith
TaxesWit
“The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.”Adam Smith
TaxesFairness
“The difference of natural talents in different men is, in reality, much less than we are aware of.”Adam Smith
TalentEquality
“The education of the common people requires, perhaps, in a civilized and commercial society, the attention of the public more than that of people of some rank and fortune.”Adam Smith
“For a very small expense the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.”Adam Smith
EducationPublic Good
“Man naturally desires, not only to be loved, but to be lovely.”Adam Smith
CharacterHuman Nature
“Mercy to the guilty is cruelty to the innocent.”Adam Smith
JusticeMercy
“Kindness is the parent of kindness.”Adam Smith
KindnessShort Quotes
“The most sublime speculation of the contemplative philosopher can scarce compensate the neglect of the smallest active duty.”Adam Smith
DutyAction
“Resentment seems to have been given us by nature for defence, and for defence only. It is the safeguard of justice and the security of innocence.”Adam Smith
JusticeHuman Nature
“Nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren.”Adam Smith
SocietyHuman Nature
“Wherever there is great property, there is great inequality.”Adam Smith
InequalityWealth
“The understandings of the greater part of men are necessarily formed by their ordinary employments.”Adam Smith
“Fear is in almost all cases a wretched instrument of government.”Adam Smith
“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.”Adam Smith
AmbitionSpeech