Quotes

Adam Smith (7)

"It is the highest impertinence and presumption...in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense... They are themselves always, and without any exception, the greatest spendthrifts in the society", The Wealth of Nations, Book II, Ch.III

Adam Smith

Adam Smith (6)

"To widen the market and to narrow the competition, is always the interest of the dealers... The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention", The Wealth of Nations, Book I, Ch.XI

Adam Smith

Adam Smith (5)

"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 Wealth of Nations, Book IV, Ch.VIII

Adam Smith

Adam Smith (4)

"In general, if any branch or trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so", The Wealth of Nations", Book II, Ch.II

Adam Smith

Adam Smith (3)

"It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy...What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom", The Wealth of Nations, Book IV, Ch.II

Adam Smith

Adam Smith (2)

"By means of glasses, hotbeds, and hotwalls, very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines, merely to encourage the making of claret and burgundy in Scotland?", The Wealth of Nations, Book IV, Ch.II

Adam Smith

Adam Smith (1)

"It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people", The Wealth of Nations, Book I, ch. I

Adam Smith

Thomas Jefferson - rights of minorities

"Bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will, to be rightful, must be reasonable; that the minority possess their equal rights, which equal laws must protect, and to violate would be oppression."

Thomas Jefferson

John Adams - Minorities

"That the desires of the majority of the people are often for injustice and inhumanity against the minority, is demonstrated by every page of the history of the whole world."

John Adams