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[Quote No.16440] Need Area: Mind > Plan
"The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it." - Adam Smith
(1723 - 1790)
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[Quote No.45479] Need Area: Mind > Plan
"[To increase the chances of success it is very helpful to build into your plans the power of habitual regularity and persistence:] ...the man who works so moderately as to be able to work constantly, not only preserves his health the longest, but in the course of the year, executes the greatest quantity of works." - Adam Smith

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[Quote No.45478] Need Area: Mind > Persist
"...the man who works so moderately as to be able to work constantly, not only preserves his health the longest, but in the course of the year, executes the greatest quantity of works." - Adam Smith

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[Quote No.67262] Need Area: Body > Grooming
"Nothing is more graceful than habitual cheerfulness." - Adam Smith

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[Quote No.43404] Need Area: Money > Income
"In the long-run the workman [employee] may be as necessary to his master [employer] as his master [employer] is to him, but the necessity is not so immediate." - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.1142] Need Area: Money > Tax
"There is no art which one government sooner learns from another than that of draining money from the pockets of people." - Adam Smith

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[Quote No.33358] Need Area: Money > Tax
"It is the highest impertinence and presumption, therefore, in [governments] 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 society. Let them look well after their own expense, and they may safely trust private people with theirs." - Adam Smith
Famous economic philosopher. Quoted from his book, 'An Inquiry into the Nature and Causes of the Wealth of Nations', published 1776.
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[Quote No.34014] Need Area: Money > Tax
"[All governments, politicians and bureaucrats should remember this:] The natural effort of every individual to better his own condition ...is so powerful, that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often encumbers its operations. 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
Famous philosopher and economist. Quote from his book, 'The Wealth of Nations'.
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[Quote No.42142] Need Area: Money > Tax
"[Small government and free market capitalism:] Little else is requisite to carry a state to the highest degrees of opulence from the lowest barbarism, but peace [self-defense], easy [low] taxes, and tolerable administration of justice. ... The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security is so powerful a principle that it is alone, and without any assistance ... capable of carrying on the society to wealth and prosperity..." - Adam Smith
Philosopher. Quote from his famous book on economics, 'Wealth of Nations' (1776).
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[Quote No.44063] Need Area: Money > Tax
"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
(1723-1790) Scottish philosopher and economist Source: Lecture in 1755, quoted in Dugald Stewart's 'Account Of The Life And Writings Of Adam Smith', Section IV, 25.
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[Quote No.67261] Need Area: Money > Tax
"There is no art which government sooner learns of another than that of draining money from the pockets of the people." - Adam Smith

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[Quote No.33063] Need Area: Money > Invest
"Man, an animal that makes bargains." - Adam Smith

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[Quote No.36161] Need Area: Money > Invest
"An individual is led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it ['enlightened' self-interest]. I have never known much good done by those who affected to trade for the public good." - Adam Smith
Famous economic and social philosopher.
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[Quote No.67755] Need Area: Money > Invest
"[Free market capitalism:] Every man, as long as he does not violate the laws of justice [freedom from force and fraud allowing free, informed choice], is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men." - Adam Smith
(1723-1790) Scottish philosopher and economist 1776. Source: 'Wealth of Nations', Adam Smith, 1776.
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[Quote No.35757] Need Area: Money > Spend
"[Don't go into debt for a depreciating asset. There are too many free ways to enjoy yourself to do that with all the risk it puts your future freedom under.] What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?" - Adam Smith

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[Quote No.43402] Need Area: Money > Spend
"Bounty and hospitality very seldom lead to extravagance; though vanity almost always does." - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.7288] Need Area: Money > General
"With the great part of rich people, the chief employment of riches consists in the parade of riches.[sadly] " - Adam Smith

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[Quote No.32679] Need Area: Money > General
"[In every economic system, every individual necessarily labors to render the greatest annual revenue for himself and those he loves. In a capitalistic free market economic system] Every individual necessarily labors to render the annual revenue of society as great as he can. He generally 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, as in many other cases, led by an invisible hand to promote an end which was not part of his intention. [This is because in a capitalistic free market economy his success is determined on the whole by the quality and quantity of the legal and ethical service he provides and thereby his contribution to the common good. Therefore in a capitalist free market economy each individual's natural personal desire for gain is cleverly harnessed to help the whole society, rather than just themselves as in other economic systems.]" - Adam Smith
Famous philosopher and economic theorist. From his book, 'The Wealth of Nations'.
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[Quote No.33064] Need Area: Money > General
"Man - an animal that makes bargains." - Adam Smith

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[Quote No.33277] Need Area: Money > General
"It is the highest impertinence and presumption, therefore, in kings and ministers [and governments] 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 society. Let them look well after their own expense, and they may safely trust private people with theirs." - Adam Smith
Famous philosopher and economist. Quiote from his highly respected book, 'An Inquiry into the Nature and Causes of the Wealth of Nations', published 1776].
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[Quote No.33940] Need Area: Money > General
"It is the highest impertinence and presumption, therefore, in kings and ministers [governments, politicians and bureaucrats] 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 society. Let them look well after their own expense, and they may safely trust private people with theirs." - Adam Smith
'An Inquiry into the Nature and Causes of the Wealth of Nations', 1776.
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[Quote No.35474] Need Area: Money > General
"Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men. [This is of course true for women too!]" - Adam Smith

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[Quote No.35778] Need Area: Money > General
"The proposal of any new law or regulation which comes from [businessmen], 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. It comes from an order of men whose interest is never exactly the same with that of the [general] public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it. [It is vital that politicians and governments do not become too aligned with particular businesses or business people, as in crony capitalism - sometimes called corporatism, or else the markets will not be free and the genius of free markets for price discovery and competition will not operate well to the detriment of all.]" - Adam Smith
Economic philosopher and author of the free market rationale 'The Wealth of Nations'.
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[Quote No.41959] Need Area: Money > General
"[Free market capitalism:] Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men... It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow citizens... Every individual necessarily labors to render the annual revenue of society as great as he can. He generally 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, as in many other cases, led by an invisible hand to promote an end which was not part of his intention." - Adam Smith
(1723 – 1790), Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of, among other things, 'An Inquiry into the Nature and Causes of the Wealth of Nations', 1776, which is usually abbreviated as 'The Wealth of Nations' and is considered his magnum opus and the first modern work of economics. It earned him an enormous reputation and would become one of the most influential works ever published. Smith is widely cited as the father of modern economics and capitalism and is still among the most influential thinkers in the field of economics today.
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[Quote No.42673] Need Area: Money > General
"Mankind are animals that makes bargains [exchanges], no other animal does this." - Adam Smith

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[Quote No.43403] Need Area: Money > General
"Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods." - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.42138] Need Area: Work > Leadership
"[Capitalism is based on voluntary (non-coerced) trade (exchange):] Man has almost constant occasion for the help of his brethren, and it is vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them ... 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." - Adam Smith
Philosopher. Quote from his famous book on economics, 'Wealth of Nations' (1776).
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[Quote No.43405] Need Area: Work > Team
"In the long-run the workman [employee] may be as necessary to his master [employer] as his master [employer] is to him, but the necessity is not so immediate!" - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.44007] Need Area: Work > Team
"[Very early in 'The Wealth of Nations' Adam Smith discusses the concept of the division of labor and its importance for economic development. That discussion, so central to Smith’s framework, appears in some form in nearly every introductory textbook in economics and is one of the ideas most closely associated with Smith. (I would say it’s at least on a par with the concept of the invisible hand.) In Book 1, Chapter 1 Smith explains how dividing a particular task into several stages of production, with a different person or firm responsible for one or more stages, multiplies the output - productivity - of a day’s labor many times. His example of the pin factory has become iconic in the history of economic ideas:] One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on, is a peculiar business, to whiten the pins is another... [and so on. He informs us that one person doing all 18 steps on his own might at most produce 20 pins in a day; but that he has seen a pin factory in which ten people, each specializing in a subset of those steps, collectively produces as many as 48,000 pins in a day. The average output of each worker then becomes 4,800 pins, or 240 times greater than if each were to work alone... For Smith the division of labor (DOL) thus plays a crucial and ongoing role in the material progress of society, and it holds a central place in the intellectual tradition of the classical economics he inspired. Yet...the DOL seems to do little of the theoretical heavy lifting in modern treatments of economic development. For example, textbooks draw on some aspects of the DOL to explain why people, firms, and countries tend to specialize in activities where their opportunity costs are lowest. But that (static) proposition owes more to Smith’s follower, David Ricardo, than to Smith. And it doesn’t express Smith’s more important insight that as the DOL expands (with the extent of the market) it lengthens and increases the complexity of the production process within firms and across firms in the economy, continually multiplying output and sparking some forms of innovation [not the least of which is the role of capital, entrepreneurship, management, planning, communication, logistics and motivation]." - Adam Smith
Philosopher and economist. Quote from his book, 'The Wealth of Nations'. [http://www.thefreemanonline.org/headline/whatever-happened-to-the-division-of-labor/ ]
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[Quote No.43406] Need Area: Work > Spend
"Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another." - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.5681] Need Area: Work > Sell
"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 self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. " - Adam Smith
‘The Wealth of Nations’
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[Quote No.10605] Need Area: Work > Sell
"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 self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. [and you will find a more interested and receptive audience]" - Adam Smith
in 'The Wealth of Nations'
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[Quote No.13875] Need Area: Work > Sell
"Man is an animal that makes bargains; no other animal does this, one dog does not change a bone with another." - Adam Smith

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[Quote No.23663] Need Area: Work > Sell
"Mankind are animals that makes bargains, no other animal does this." - Adam Smith
Famous economist
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[Quote No.28646] Need Area: Work > Sell
"The propensity to truck, barter and exchange ['sell'] one thing for another is common to all men [women and children] and to be found in no other race of animals." - Adam Smith
(1723-1790), Scottish philosopher who is best remembered for his famous book analyzing economics called 'The Wealth of Nations'.
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[Quote No.31612] Need Area: Work > Sell
"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 own necessities, but of their advantages." - Adam Smith
Famous economist and philosopher. From his book, 'The Wealth of Nations'.
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[Quote No.42139] Need Area: Work > Sell
"Man has almost constant occasion for the help of his brethren, and it is vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them ... 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!" - Adam Smith
Philosopher. Quote from his famous book on economics, 'Wealth of Nations' (1776).
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[Quote No.42674] Need Area: Work > Sell
"Mankind are animals that makes bargains [exchanges], no other animal does this!" - Adam Smith

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[Quote No.43400] Need Area: Work > Sell
"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 self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages." - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.43407] Need Area: Work > Sell
"Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another!" - Adam Smith
(1723 - 1790), philosopher famous for writing the first book on economics, 'The Wealth of Nations'.
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[Quote No.54955] Need Area: Work > Sell
"Man - an animal that makes bargains! " - Adam Smith

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[Quote No.67263] Need Area: Work > Sell
"Nothing is more graceful than habitual cheerfulness! " - Adam Smith

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[Quote No.16575] Need Area: Work > General
"The difference between a philosopher and a common street porter arises not so much from nature as from habit, custom, and education." - Adam Smith
(1723 - 1790)
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[Quote No.42137] Need Area: Work > General
"[Markets and the Division of Labour - Specialization, Production, and Trade:] It is a 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..." - Adam Smith
Philosopher. Quote from his famous economics book, 'Wealth of Nations', (1776).
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[Quote No.67756] Need Area: Work > General
"[Free market capitalism:-] Every man, as long as he does not violate the laws of justice [freedom from force and fraud allowing free, informed choice], is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man or order of men." - Adam Smith
(1723-1790) Scottish philosopher and economist 1776. Source: 'Wealth of Nations', Adam Smith, 1776.
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[Quote No.25738] Need Area: Property > General
"With the great part of rich people [and many who aspire to wealth], the chief employment of riches consists in the parade of riches. [to, pathetically, incite envy and thereby bolster their poor opinion of themselves and their lives]" - Adam Smith

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[Quote No.32106] Need Area: Property > General
"[Enoughism; beware the folly of disregarding diminishing returns:] The desire for food is limited in every man by the narrow capacity of the human stomach; but the desire of the conveniences and ornaments of building, dress, equipage, and household furniture, seems to have no limit or certain boundary. [except that dictated by personal desire, self-discipline and finances. Contrary to advertising more or better possessions do not increase happiness after the basic needs are met sufficiently. As Harvard psychologist Daniel Gilbert writes in 'Stumbling On Happiness': 'Economists and psychologists have spent decades studying the relation between wealth and happiness, and they have generally concluded that wealth increases human happiness when it lifts people out of abject poverty and into the middle class but that it does little to increase happiness thereafter. Americans who earn $50,000 per year are much happier than those who earn $10,000 per year, but Americans who earn $5 million per year are not much happier than those who earn $100,000 per year. People who live in poor nations are much less happy than people who live in moderately wealthy nations, but people who live in moderately wealthy nations are not much less happy than people who live in extremely wealthy nations. Economists explain that wealth has 'declining marginal utility,' which is a fancy way of saying that it hurts to be hungry, cold, sick, tired, and scared, but once you've bought your way out of these burdens, the rest of your money is an increasingly useless pile of paper (that demands time and effort to manage).']" - Adam Smith
Famous economist. Quoted from his book, 'The Wealth of Nations', published in 1776.
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[Quote No.24235] Need Area: Friends > Conversation
"The great pleasure of conversation and society, besides, arises from a certain correspondence of sentiments and opinions, from a certain harmony of minds, which like so many musical instruments coincide and keep time with one another. But this most delightful harmony cannot be obtained unless there is a free communication of sentiments and opinions. We all desire, upon this account, to feel how each other is affected, to penetrate into each other's bosoms, and to observe the sentiments and affections which really subsist there. The man who indulges us in this natural passion, who invites us into his heart, who, as it were, sets open the gates of his breast to us, seems to exercise a species of hospitality more delightful than any other. No man, who is in ordinary good temper, can fail of pleasing, if he has the courage to utter his real sentiments as he feels them, and because he feels them." - Adam Smith
Famous philosopher and economist
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[Quote No.42140] Need Area: Friends > Conversation
"[Negotiation: win-win] Man has almost constant occasion for the help of his brethren, and it is vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them ... 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." - Adam Smith
Philosopher. Quote from his famous book on economics, 'Wealth of Nations' (1776).
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