Adam Smith

Economist

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Logical, original, creative thinkers. Can become very excited about theories and ideas. Exceptionally capable and driven to turn theories into clear understandings. Highly value knowledge, competence and logic. Quiet and reserved, hard to get to know well. Individualistic, having no interest in leading or following others.

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Biography

Adam Smith FRSA was a Scottish economist, philosopher, and author. He was well known for being a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era.

Wikipedia

Quotes by Adam Smith

Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience.

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

All money is a matter of belief.

What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.

It 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.

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

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