“Adam Smith, Say, and especially C. J. Kraus, one of the best teachers of Adam Smith’s theory, are my guides. The aim of my work is to present, in my own arrangement, their writings and thoughts clearly and plainly, together with some of my own observations.”

— Fryderyk Skarbek

Introduction: Cited in: Hiroshi Mizuta, A Critical Bibliography of Adam Smith, Routledge, 20116. p. 173.
National Household, 1820

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Fryderyk Skarbek 4

Polish noble 1792–1866

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Context: It was Adam Smith, the father of free-market economics, who once said, “They who feed, clothe, and lodge the whole body of the people should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged.” And for those of you who don’t speak old-English let me translate. It means if you work hard, you should make a decent living. If you work hard, you should be able to support a family.

“…where are we to look for the consumption required but among the unproductive labourers of Adam Smith?…”

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Principles of Political Economy (Second Edition 1836)

“[Adam Smith was] a higher above all genius (…) who had recognized some mistakes of the mercantile and physiocrats systems, put new principles of a theory called the industrial system, and directed minds for this road, on which they should necessarily advance”

Fryderyk Skarbek (1792–1866) Polish noble

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Dictionary of political economy, 1818

“We're supposed to worship Adam Smith but you're not supposed to read him. That's too dangerous. He's a dangerous radical.”

Noam Chomsky (1928) american linguist, philosopher and activist

Talk at Brown University (April 2010) http://www.youtube.com/watch?v=TBfHD2n13OA
Quotes 2010s, 2010

“The phrase laissez-faire is not to be found in the works of Adam Smith, of Ricardo, or of Malthus. Even the idea is not present in a dogmatic form in any of these authors. Adam Smith, of course, was a Free Trader and an opponent of many eighteenth-century restrictions on trade. But his attitude towards the Navigation Acts and the usury laws shows that he was not dogmatic. Even his famous passage about 'the invisible hand' reflects the philosophy which we associate with Paley rather than the economic dogma of laissez-faire.”

John Maynard Keynes book Essays in Persuasion

Source: Essays in Persuasion (1931), The End of Laissez-faire (1926), Ch. 2

“The economic doctrine of Adam Smith is the doctrine of Mandeville set out in a form which is no longer paradoxical and literary, but rational and scientific.”

Bernard Mandeville (1670–1733) Anglo-Dutch writer and physician

La doctrine économique d'Adam Smith, c'est la doctrine de Mandeville, exposée sous une forme non plus paradoxale et littéraire, mais rationnelle et scientifique.
Élie Halévy La formation du radicalisme philosophique (Paris: F. Alcan, 1901-4) vol. 1, p. 162; Mary Morris (trans.) The Growth of Philosophic Radicalism (Clifton, N.J.: A. M. Kelley, 1972) p. 90.
Criticism

“Adam Smith himself was under no allusion about the desire of individuals, particularly business men, to create privileged positions for themselves.”

Eric Roll, Baron Roll of Ipsden (1907–2005) British economist

Source: A History of Economic Thought (1939), Chapter IV, The Classical System, p. 154

“There is more of a mystery to the origin of the pin factory that Adam Smith (1776) discusses in his Wealth of Nations than is generally realized.”

John H. Holland (1929–2015) US university professor

Source: Hidden Order - How Adaptation Builds Complexity (1995), Ch 3. Echoing Emergence, p. 97

“When Adam Smith was being incomprehensible, he didn't have the luxury of brief, snappy technical terms as a shorthand for incoherence.”

P. J. O'Rourke (1947) American journalist

Source: On The Wealth of Nations (2007), Chapter 2: "Why Is The Wealth of Nations So Damn Long?", p. 22

“The celebrated Adam Smith was the first to point out the immense increase of production, and the superior perfection of products referable to this division of labour.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter VIII, p. 91

“Adam Smith, Say, and especially C. J. Kraus, one of the best teachers of Adam Smith’s theory, are my guides. The aim of my work is to present, in my own arrangement, their writings and thoughts clearly and plainly, together with some of my own observations.”

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