Adam Smith Quotes


Every man is, no doubt, by nature, first and principally recommended to his own care; and as he is fitter to take care of himself than of any other person, it is fit and right that it should be so.


Citations

Adam Smith, 1723-1790, Scottish Political Economist, The Theory of Moral Sentiments

Sourced by: Eigen's Political and Historical Quotations

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As a lobbyist for the Union Pacific Railroad he "distributed" railroad stock to Congressmen voting on railroad subsidies in connection with the Crédit Mobilier. Ames was censured by the Congress in 1872, for "seeking to procure congressional attention to the affairs of a corporation in which he was interested."


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.