Adam Smith

Excerpts from   "THE WEALTH OF NATIONS"

 

 

WHEN

 

 

 

 

 

 

 

 

 

ADAM SMITH   Biography ADAM SMITH   Biography 2 SMITH   at Victorian Web
The Wealth of Nations SMITH   at Brad DeLong SMITH   at Ethical Network
ADAM SMITH  INSTITUTE INVISIBLE HAND  2 3 4 Laissez-Faire Policies
QUOTES THEORY OF MORAL SENTIMENTS  
ADAM SMITH  at the New School ABOUT ADAM SMITH 1793  1870 1881  

 

 ..individual.. neither intends to promote the public interest, nor knows how much he is promoting it.. he intends only his own gain, and he is in this...led by an invisible hand to promote an end which was no part of his intention. 

 

"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. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages."    

 

"It is the highest impertinence and presumption, therefore, 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. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will."

 

 

 

 

 

 

 

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