“How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.” — Adam Smith, “Of Sympathy,” The Theory of Moral Sentiments
“The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it.” — Adam Smith, The Theory of Moral Sentiments
“Mercy to the guilty is cruelty to the innocent.” — Adam Smith, The Theory of Moral Sentiments
“Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.” — Adam Smith
“Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.” — Adam Smith, The Wealth of Nations
“Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.” — Adam Smith, The Wealth of Nations
“You can be in love with that piece of paper if you want to, but that piece of paper doesn’t love you.” — George Goodman (Adam Smith), The Money Game
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