“The violence and injustice of the rulers of mankind”
Source: The Wealth of Nations (1776), Book IV, Chapter III, Part II, p. 531.
Context: The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.
Source: The Wealth of Nations (1776), Book I, Chapter IX, p. 111.
Source: The Wealth of Nations (1776), Book IV, Chapter IX, p. 749.
Context: Every system which endeavours, either, by extraordinary encouragements, to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it; or, by extraordinary restraints, to force from a particular species of industry some share of the capital which would otherwise be employed in it; is in reality subversive of the great purpose which it means to promote. It retards, instead of accelerating, the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.
All systems either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men. The sovereign is completely discharged from a duty, in the attempting to perform which he must always be exposed to innumerable delusions, and for the proper performance of which no human wisdom or knowledge could ever be sufficient; the duty of superintending the industry of private people, and of directing it towards the employments most suitable to the interest of the society. According to the system of natural liberty, the sovereign has only three duties to attend to; three duties of great importance, indeed, but plain and intelligible to common understandings: first, the duty of protecting the society from the violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice or oppression of every other member of it, or the duty of establishing an exact administration of justice; and, thirdly, the duty of erecting and maintaining certain public works and certain public institutions, which it can never be for the interest of any individual, or small number of individuals, to erect and maintain; because the profit could never repay the expence to any individual, or small number of individuals, though it may frequently do much more than repay it to a great society.
The proper performance of those several duties of the sovereign necessarily supposes a certain expence; and this expence again necessarily requires a certain revenue to support it.
“Consumption is the sole end and purpose of all production”
Source: The Wealth of Nations (1776), Book IV, Chapter VIII, p. 719.
Context: Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
“By nature a philosopher is not in genius and disposition half so different from a street porter”
Source: The Wealth of Nations (1776), Book I, Chapter II, p. 17.
Context: By nature a philosopher is not in genius and disposition half so different from a street porter, as a mastiff is from a greyhound
“By pursuing his own interest he frequently promotes that”
Source: The Wealth of Nations (1776), Book IV, Chapter II, p. 488-489. <!-- p. 421 of the online Liberty Fund edition. -->
Context: As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it.
“Whenever the legislature attempts to regulate the differences between masters and their”
Source: The Wealth of Nations (1776), Book I, Chapter x, Part II, p. 168.
Context: Whenever the legislature attempts to regulate the differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.
Source: The Wealth of Nations (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.
Context: The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
“Labour was the first price, the original purchase-money that was paid for all things.”
It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.
Source: The Wealth of Nations (1776), Book I, Chapter V, p. 38.
Source: The Wealth of Nations (1776), Book I, Chapter XI, Part III, Conclusion of the Chapter, p. 292.
Context: The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
“Fear is in almost all cases a wretched instrument of government”
Source: The Wealth of Nations (1776), Book V, Chapter I, Part III, p. 862.
Context: Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
Source: The Wealth of Nations (1776), Book IV, Chapter I, p. 481.
Context: The commodities of Europe were almost all new to America, and many of those of America were new to Europe. A new set of exchanges, therefore, began.. and which should naturally have proved as advantageous to the new, as it certainly did to the old continent. The savage injustice of the Europeans rendered an event, which ought to have been beneficial to all, ruinous and destructive to several of those unfortunate countries.
Source: The Wealth of Nations (1776), Book III, Chapter IV, p. 448.
“Never complain of that of which it is at all times in your power to rid yourself.”
Source: The Theory Of Moral Sentiments
Source: (1776), Book I, Chapter VIII, p. 94.
“Mercy to the guilty is cruelty to the innocent.”
Section II, Chap. III.
The Theory of Moral Sentiments (1759), Part II
Source: The Wealth of Nations (1776), Book V, Chapter II, Part II, Article I, p. 911.
Context: The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.