Adam Smith Quotes


All registers which, it is acknowledged, ought to be kept secret, ought certainly never to exist.


Context

Privacy was a much more important value then and for Smith and most contemporaries there should be NO compromising records kept at all. Keeping records secret was itself an unacceptable compromise.


Citations

Adam Smith, 1723-1790, Scottish Political Economist, The Wealth of Nations, 1776

Sourced by: Eigen's Political and Historical Quotations

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The “wrong” people to Helms. Were Americans who disagreed with his methods and politics—especially members of Congress who wanted to make the CIA more accountable for its actions. If nothing is ever written down and everything is secret, there is no practical way of holding the agency accountable in a democracy. Helms was later convicted to perjury for lying to Congress.


At the time Holland was a republic and a confederation of different states. There was an assembly of delegations from each of the States but most important decisions tended to be made by the Prince and a few of the representatives in his sway. Mathenesse was the delegate of the largest and wealthiest state but even others in his state delegation were out of the loop. Others claimed that the necessity of secrecy was just a pretext for a small group to dominate the republic. See {620069}. This battle goes on in almost every country including the United States where there are many matters in which only a few members of Congress and the President make decisions with national security given as the reason. In many cases there has been such a reason, but it is very easily corrupted into a pretext as only the people on the inside who get to make the decision know what the secret material was.


Adam Smith
Adam Smith
  • Born: June 16, 1723
  • Died: July 17, 1790
  • Nationality: Scottish
  • Profession: Economist

Adam Smith FRSA was a Scottish economist, philosopher as well as a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism''. Smith wrote 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, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage.