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"mercy to the guilty is cruelty to the innocent"
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Adam SmithA very poor man may be said in some sense to have a demand for a coach — Adam Smith
"A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it."
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Adam Smith
Adam Smith
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Adam Smith was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics", or the "father of capitalism", he is primarily 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, of
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"In ease of body and peace of mind, all the different ranks of life are nearly upon a level, and the beggar, who suns himself by the side of the highway, possesses that security which kings are fighting for."
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"Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog."
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Adam SmithQuote
"The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes."
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Adam SmithQuote
"Secrets in manufactures are capable of being longer kept than secrets in trade."
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Adam SmithQuote
"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."
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Adam Smith