Adam Smith
1723 - 1790
5
Quotes
Biography
Adam Smith (1723-1790) was a Scottish economist, philosopher, and author known as the father of modern economics. His most famous work, 'The Wealth of Nations,' published in 1776, laid the foundation for classical free-market economic theory. Smith's ideas promoted the concept of individual self-interest benefiting society as a whole through the 'invisible hand' of the market. He also contributed to the fields of moral philosophy and ethics, emphasizing the importance of personal responsibility and virtue.
Famous Quotes (5)
1
The real tragedy of the poor is the poverty of their aspirations.
2
Man is an animal that makes bargains; no other animal does this.
3
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.
4
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.
5
No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.