How it works

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

Adam Smith
Not a MindZip member yet
Country
Random

Explore more quotes

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Adam Smith
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
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
This is one of those cases in which the imagination is baffled by the facts.
Adam Smith
I have never known much good done by those who affected to trade for the public good.
Adam Smith
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
Adam Smith
With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
Adam Smith
Defense is superior to opulence.
Adam Smith
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.
Adam Smith
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Adam Smith
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Adam Smith
Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty.
Adam Smith
The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.
Adam Smith
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.
Adam Smith
Happiness never lays its finger on its pulse.
Adam Smith
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
Adam Smith
Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.
Adam Smith
On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
Adam Smith
Humanity is the virtue of a woman, generosity that of a man.
Adam Smith
The real tragedy of the poor is the poverty of their aspirations.
Adam Smith
All money is a matter of belief.
Adam Smith
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
Adam Smith
No complaint... is more common than that of a scarcity of money.
Adam Smith
To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature.
Adam Smith
What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?
Adam Smith
Science is the great antidote to the poison of enthusiasm and superstition.
Adam Smith
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
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
Labor was the first price, the original purchase - money that was paid for all things.
Adam Smith
Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
Adam Smith
It is not by augmenting the capital of the country but by rendering a greater part of that capital active and productive than would otherwise be so that the most judicious operations of banking can increase the industry of the country.
Adam Smith
Consumption is the sole end and purpose of all production.
Adam Smith
Consumption is the sole end and purpose of all production and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.
Adam Smith
Corn is a necessary silver is only a superfluity.
Adam Smith
The mind is so rarely disturbed but that the company of friend will restore it to some degree of tranquility and sedateness.
Adam Smith
But though empires like all the other works of men have all hitherto proved mortal yet every empire aims at immortality.
Adam Smith
An early morning walk is a blessing for the whole day.
Adam Smith
Virtue is more to be feared than vice because its excesses are not subject to the regulation of conscience.
Adam Smith
Never let people who are more unhappy than you tell you how to live your life.
Adam Smith
Labor was the first price, the original purchase money that was paid for all things.
Adam Smith
The world neither ever saw, nor ever will see, a perfectly fair lottery.
Adam Smith
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
Adam Smith
The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
Adam Smith
An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
Adam Smith
But like the rest of the country, Maine has reached an impasse, for most of the mercury that fouls our skies, waters and land comes from outside our borders.
Tom Allen
Education is the cornerstone of our communities and our country.
Bill Frist
For a country to have a great writer is like having another government. That's why no regime has ever loved great writers, only minor ones.
Alexander Solzhenitsyn
The successful establishment of a buffer zone around Fort Carson will provide an example for other bases around the country as we seek to protect the training mission of the U.S. military while preserving critical habitats on our ranges.
Wayne Allard