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 SmithThe learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
Adam SmithIn public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
Adam SmithIn raising the price of commodities, the rise of wages operates in the same manner as simple interest does in the accumulation of debt. 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