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5 quotes

Adam Smith

~ 1723 - 1790

Adam Smith was an 18th-century Scottish economist, philosopher, and author. He is best known as the father of modern economics and the author of "The Wealth of Nations," a pioneering work that laid the foundation for classical economics and advocated for the benefits of free markets and division of labor.

  1. All money is a matter of belief.

    Adam Smith
    #money#belief#value

  2. Labor was the first price, the original purchase - money that was paid for all things.

    Adam Smith
    #labor#value#economy

  3. Civilized countries generally adopt gold or silver or both as money.

    Adam Smith
    #money#civilization#economy

  4. 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
    #lottery#risk#certainty

  5. 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
    #self-interest#economy#trade