The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company.
Adam SmithMan is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
Adam SmithThe man of system is apt to be very wise in his own conceit. In the great chess board of human society, every single piece has a principle of motion of its own altogether different from that which the legislature might choose to impress upon it
Adam SmithAn instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
Adam SmithThe subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities.
Adam SmithFor a very small expence the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.
Adam SmithCapitals are increased by parsimony, and diminished by prodigalityand misconduct. By what a frugal man annually saves he not onlyaffords maintenance to an additional number of productive hands?but?he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.
Adam Smith