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4 months 3 weeks ago

It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.

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Chapter I, Part IV, Conclusion, p. 881.
4 months 3 weeks ago

Monopoly of one kind or another, indeed, seems to be the sole engine of the mercantile system.

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Chapter VII, Part Third, p. 684.
4 months 3 weeks ago

To found a great empire for the sole purpose of raising up a people of customers, may at first appear a project fit only for a nation of shopkeepers. It is however, a project altogether unfit for a nation of shopkeepers; but extremely fit for a nation whose government is influenced by shopkeepers.

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Chapter VII, Part Third, p. 667.
4 months 3 weeks ago

The government of an exclusive company of merchants is, perhaps, the worst of all governments for any country whatever.

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Chapter VII, Part Second, p. 619.
4 months 3 weeks ago

The act of navigation is not favourable to foreign commerce, or to the growth of that opulence which can arise from it. ... As defence, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England.

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Chapter II
4 months 3 weeks ago

When the act of navigation was made, though England and Holland were not actually at war, the most violent animosity subsisted between the two nations. ... It is not impossible, therefore, that some of the regulations of this famous act may have proceeded from national animosity. They are as wise, however, as if they had all been dictated by the most deliberate wisdom. National animosity at that particular time aimed at the very same object which the most deliberate wisdom would have recommended, the diminution of the naval power of Holland, the only naval power which could endanger the security of England.

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Chapter II
4 months 3 weeks ago

Even the free importation of foreign corn could very little affect the interest of the farmers of Great Britain. Corn is a much more bulky commodity than butcher's-meat. A pound of wheat at a penny is as dear as a pound of butcher's-meat at fourpence. The small quantity of foreign corn imported even in times of the greatest scarcity, may satisfy our farmers that they can have nothing to fear from the freest importation.

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Chapter II
4 months 3 weeks ago

The freest importation of salt provisions, in the same manner, could have as little effect upon the interest of the graziers of Great Britain as that of live cattle. Salt provisions are not only a very bulky commodity, but when compared with fresh meat, they are a commodity both of worse quality, and as they cost more labour and expence, of higher price. They could never, therefore, come into competition with the fresh meat, though they might with the salt provisions of the country.

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Chapter II
4 months 3 weeks ago

If the importation of foreign cattle, for example, were made ever so free, so few could be imported, that the grazing trade of Great Britain could be little affected by it. Live cattle are, perhaps, the only commodity of which the transportation is more expensive by sea than by land.

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Chapter II
4 months 3 weeks ago

In manufactures, a very small advantage will enable foreigners to undersell our own workmen, even in the home market. It will require a very great one to enable them to do so in the rude produce of the soil. If the free importation of foreign manufactures were permitted, several of the home manufactures would probably suffer, and some of them, perhaps, go to ruin altogether, and a considerable part of the stock and industry at present employed in them, would be forced to find out some other employment. But the freest importation of the rude produce of the soil could have no such effect upon the agriculture of the country.

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Chapter II
4 months 3 weeks ago

What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.

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Chapter II, p. 490.
4 months 3 weeks ago

It cannot be very difficult to determine who have been the contrivers of this whole mercantile system; not the consumers, we may believe, whose interest has been entirely neglected; but the producers, whose interests has been so carefully attended to; and among this later class our merchants and manufactures have been by far the principal architects. In the mercantile regulations, which have been taken notice of in this chapter, the interest of our manufacturers has been most peculiarly attended to;and the interest, not so much of the consumers, as that of some other sets of producers, has been sacrificed to it.

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Chapter VIII, p. 721.
4 months 3 weeks ago

Such taxes [upon the necessaries of life], when they have grown up to a certain height, are a curse equal to the barrenness of the earth and the inclemency of the heavens; and yet it is in the richest and most industrious countries that they have been most generally imposed. No other countries could support so great a disorder.

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Chapter II, paragraph 36, p. 500.
4 months 3 weeks ago

To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it.

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Chapter II, p. 505.
4 months 3 weeks ago

The sneaking arts of underling tradesmen are thus erected into political maxims for the conduct of a great empire; for it is the most underling tradesmen only who make it a rule to employ chiefly their own customers. A great trader purchases his good always where they are cheapest and best, without regard to any little interest of this kind.

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Chapter III, Part II, p. 530.
4 months 3 weeks ago

Of all those expensive and uncertain projects, however, which bring bankruptcy upon the greater part of the people who engage in in them, there is none perhaps more perfectly ruinous than the search after new silver and gold mines. It is perhaps the most disadvantageous lottery in the world, or the one in which the gain of those who draw the prizes bears the least proportion to the loss of those who draw the blanks: for though the prizes are few and the blanks are many, the common price of a ticket is the whole fortune of a very rich man.

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Chapter VII, Part First, p. 610.
4 months 3 weeks ago

The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security is so powerful a principle that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations; though the effect of these obstructions is always more or less either to encroach upon its freedom, or to diminish its security.

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Chapter V, paragraph 82.
4 months 3 weeks ago

I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.

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Chapter V, p. 577.
4 months 3 weeks ago

In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.

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Chapter V, p. 563.
4 months 3 weeks ago

Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.

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Chapter III, Part II, p. 534.
4 months 3 weeks ago

In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest. The proposition is so very manifest that it seems ridiculous to take any pains to prove it; nor could it ever have been called in question had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind. Their interest is, in this respect, directly opposite to that of the great body of the people.

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Chapter III, Part II, p. 531.
4 months 3 weeks ago

The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit a remedy.

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Chapter III, Part II, p. 531.
4 months 3 weeks ago

When I endeavour to examine my own conduct, when I endeavour to pass sentence upon it, and either to approve or condemn it, it is evident that, in all such cases, I divide myself, as it were, into two persons; and that I, the examiner and judge, represent a different character from that other I, the person whose conduct is examined into and judged of.

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Chap. I.
4 months 3 weeks ago

When the happiness or misery of others depends in any respect upon our conduct, we dare not, as self-love might suggest to us, prefer the interest of one to that of many. The man within immediately calls to us, that we value ourselves too much and other people too little, and that, by doing so, we render ourselves the proper object of the contempt and indignation of our brethren. Neither is this sentiment confined to men of extraordinary magnanimity and virtue. It is deeply impressed upon every tolerably good soldier, who feels that he would become the scorn of his companions, if he could be supposed capable of shrinking from danger, or of hesitating, either to expose or to throw away his life, when the good of the service required it.

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Chap. III.
4 months 3 weeks ago

In this consists the difference between the character of a miser and that of a person of exact economy and assiduity. The one is anxious about small matters for their own sake; the other attends to them only in consequence of the scheme of life which he has laid down to himself.

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Chap. VI.
4 months 3 weeks ago

How many people ruin themselves by laying out money on trinkets of frivolous utility? What pleases these lovers of toys is not so much the utility, as the aptness of the machines which are fitted to promote it. All their pockets are stuffed with little conveniences. They contrive new pockets, unknown in the clothes of other people, in order to carry a greater number. They walk about loaded with a multitude of baubles, in weight and sometimes in value not inferior to an ordinary Jew's-box, some of which may sometimes be of some little use, but all of which might at all times be very well spared, and of which the whole utility is certainly not worth the fatigue of bearing the burden.

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Chap. I.
4 months 3 weeks ago

The virtue of frugality lies in a middle between avarice and profusion, of which the one consists in an excess, the other in a defect of the proper attention to the objects of self-interest.

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Section II, Chap. I.
4 months 3 weeks ago

In ease of body and peace of mind, all the different ranks of life are nearly upon a level, and the beggar, who suns himself by the side of the highway, possesses that security which kings are fighting for.

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Chap. I.
4 months 3 weeks ago

The qualities most useful to ourselves are, first of all, superior reason and understanding, by which we are capable of discerning the remote consequences of all our actions, and of foreseeing the advantage or detriment which is likely to result from them: and secondly, self-command, by which we are enabled to abstain from present pleasure or to endure present pain, in order to obtain a greater pleasure or to avoid a greater pain in some future time. In the union of those two qualities consists the virtue of prudence, of all the virtues that which is most useful to the individual.

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Chap. II.
4 months 3 weeks ago

There is not a negro from the coast of Africa who does not, in this respect, possess a degree of magnanimity which the soul of his sordid master is too often scarce capable of conceiving. Fortune never exerted more cruelly her empire over mankind, than when she subjected those nations of heroes to the refuse of the jails of Europe, to wretches who possess the virtues neither of the countries which they come from, nor of those which they go to, and whose levity, brutality, and baseness, so justly expose them to the contempt of the vanquished.

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Chap. II.
4 months 3 weeks ago

Every man, as the Stoics used to say, is first and principally recommended to his own care; and every man is certainly, in every respect, fitter and abler to take care of himself than of any other person. Every man feels his own pleasures and his own pains more sensibly than those of other people. The former are the original sensations; the latter the reflected or sympathetic images of those sensations. The former may be said to be the substance; the latter the shadow.

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Section II, Chap. I.
4 months 3 weeks ago

The wise and virtuous man is at all times willing that his own private interests should be sacrificed to the public interest of his own particular society--that the interests of this order of society be sacrificed to the greater interest of the state. He should therefore he equally willing that all those inferior interests should be sacrificed to the greater society of all sensible and intelligent beings.

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Section II, Chap. III; cited by Reinhold Niebuhr, The Children of Light and the Children of Darkness, New York: Charles Scribner's Sons, 1941, 24-25.
4 months 3 weeks ago

The administration of the great system of the universe, however, the care of the universal happiness of all rational and sensible beings, is the business of God and not of man. To man is allotted a much humbler department, but one much more suitable to the weakness of his powers, and to the narrowness of his comprehension; the care of his own happiness, of that of his family, his friends, his country: that he is occupied in contemplating the more sublime, can never be an excuse for his neglecting the more humble department.

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Section II, Chap. III.
4 months 3 weeks ago

The man who esteems himself as he ought, and no more than he ought, seldom fails to obtain from other people all the esteem that he himself thinks due. He desires no more than is due to him, and he rests upon it with complete satisfaction.

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Section III.
4 months 3 weeks ago

We are delighted to find a person who values us as we value ourselves, and distinguishes us from the rest of mankind, with an attention not unlike that with which we distinguish ourselves.

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Section III, Chap. I.
4 months 3 weeks ago

Mercy to the guilty is cruelty to the innocent.

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Section II, Chap. III.
4 months 3 weeks ago

In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce; and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species.

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Section II, Chap. III.
4 months 3 weeks ago

The Union was a measure from which infinite Good has been derived to this country.

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Letter to William Strahan (4 April 1760), quoted in Adam Smith, The Correspondence of Adam Smith, eds. E. C. Mossner and I. S. Ross (1987), p. 68
4 months 3 weeks ago

Poor David Hume is dying very fast, but with great cheerfulness and good humour and with more real resignation to the necessary course of things then any whining Christian ever dyed with pretended resignation to the will of God.

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Letter to Alexander Wedderburn 14 August 1776. The Correspondence of Adam Smith edited by E.C. Mossner and Ian Simpson Ross, 2nd edition, Oxford University Press 1986. The Future Hope in Adam Smith's System, Paul Oslington
4 months 3 weeks ago

I perfectly agree with your Lordship too, that to crush the Industry of so great and so fine a province of the empire, in order to favour the monopoly of some particular towns in Scotland or England, is equally unjust and impolitic. The general opulence and improvement of Ireland might certainly, under proper management, afford much greater resources to the Government, than can ever be drawn from a few mercantile or manufacturing towns.

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Letter to Henry Dundas (1 November 1779), quoted in Adam Smith, The Correspondence of Adam Smith, eds. E. C. Mossner and I. S. Ross (1987), p. 241
4 months 3 weeks ago

How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.

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Section I, Chap. I
4 months 3 weeks ago

Every faculty in one man is the measure by which he judges of the like faculty in another. I judge of your sight by my sight, of your ear by my ear, of your reason by my reason, of your resentment by my resentment, of your love by my love. I neither have, nor can have, any other way of judging about them.

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Section I, Chap. III.
4 months 3 weeks ago

Society and conversation, therefore, are the most powerful remedies for restoring the mind to its tranquillity, if, at any time, it has unfortunately lost it; as well as the best preservatives of that equal and happy temper, which is so necessary to self-satisfaction and enjoyment. Men of retirement and speculation, who are apt to sit brooding at home over either grief or resentment, though they may often have more humanity, more generosity, and a nicer sense of honour, yet seldom possess that equality of temper which is so common among men of the world.

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Section I, Chap. III.
4 months 3 weeks ago

As to love our neighbour as we love ourselves is the great law of Christianity, so it is the great precept of nature to love ourselves only as we love our neighbour, or what comes to the same thing, as our neighbour is capable of loving us. Section I, Chap. V.

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4 months 3 weeks ago

Hatred and anger are the greatest poison to the happiness of a good mind.

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Section II, Chap. III.
4 months 3 weeks ago

This disposition to admire, and almost to worship, the rich and powerful, and to despise or, at least, neglect persons of poor and mean conditions, though necessary both to establish and to maintain the distinction of ranks and the order of society, is, at the same time, the great and most universal cause of the corruption of our moral sentiments.

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Section III, Chap. III.
4 months 3 weeks ago

The man who barely abstains from violating either the person, or the estate, or the reputation of his neighbours, has surely very little positive merit. He fulfils, however, all the rules of what is peculiarly called justice, and does every thing which his equals can with propriety force him to do, or which they can punish him for not doing. We may often fulfil all the rules of justice by sitting still and doing nothing.

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Section II, Chap. I.
4 months 3 weeks ago

Every man is, no doubt, by nature, first and principally recommended to his own care; and as he is fitter to take care of himself than of any other person, it is fit and right that it should be so.

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Section II, Chap. II.
4 months 3 weeks ago

A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more, otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.

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Chapter VIII, p. 81.
4 months 3 weeks ago

The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes.

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Introduction and Plan of the Work, p. 1.

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