Adam Smith Quotes, Country Quotes, Greatness Quotes

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It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labour. It is not, accordingly, in the richest countries, but in the most thriving, or in those which are growing rich the fastest, that the wages of labour are highest. England is certainly, in the present times, a much richer country than any part of North America. The wages of labour, however, are much higher in North America than in any part of England.

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6 years ago

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Tags : Adam Smith Quotes , Country Quotes , Greatness Quotes

The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

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Tags : Adam Smith Quotes , Country Quotes , Ruins Quotes

To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers; but extremely fit for a nation whose government is influenced by shopkeepers.

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Tags : Adam Smith Quotes , Government Quotes , Sight Quotes

As we have no immediate experience of what other men feel, we can form no idea of the manner in which they are affected, but by conceiving what we ourselves should feel in the like situation.

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Tags : Adam Smith Quotes , Men Quotes , Ideas Quotes