Adam Smith Quotes


Beneficence is always free, it cannot be extorted by force.


Citations

Smith, Adam. The Theory of Moral Sentiments. A. Millar, 1759, p. 165.

Related Quotes

This was a swipe at the Conservatives at the time who were opposed to a Federal Government that would actively provide assistance directly to individuals. There was a belief amongst some politicians that by assisting people in need, their character would be weakened and the people and the society would be hurt in the long run.


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.