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Adam Smith


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Adam Smith (5 June 1723 – 17 July 1790) was a Scottish social philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, usually abbreviated as The Wealth of Nations, is considered ... more »

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  • ''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 (1723-1790), Scottish political economist. The Theory of Moral Sentiments, sixth edition, bk. VII, sect. IV, para. 25 (1790).
  • ''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), Scottish economist. The Wealth of Nations, vol. 1, bk. 1, ch. 5 (1776).
  • ''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 (1723-1790), Scottish economist. The Wealth of Nations, vol. 1, bk. 1, ch. 10 (1776).
  • ''The propensity to truck, barter and exchange one thing for another ... is common to all men, and to be found in no other race of animals.''
    Adam Smith (1723-1790), Scottish economist. The Wealth of Nations, vol. 1, bk. 1, ch. 2 (1776).
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