Quotations From ADAM SMITH

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  • 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).

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  • 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).
  • 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).
  • 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).
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