Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
Adam SmithThe first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.
Adam SmithThe statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with most unnecessary attention but assume an authority which could safely be trusted to no council and senate whatever, and which would nowhere be so dangerous as in the hands of man who have folly and presumption enough to fancy himself fit to exercise it.
Adam SmithWhen the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.
Adam SmithThe retinue of a grandee in China or Indostan accordingly is, by all accounts, much more numerous and splendid than that of the richest subjects of Europe.
Adam SmithThough the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.
Adam Smith