The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Adam SmithIt appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
Adam SmithNobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.
Adam SmithMasters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.
Adam SmithIt is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Adam SmithThe 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 ... 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.
Adam Smith