Best 8 quotes in «wealth of nations quotes» category

An Inquiry into the Nature and Causes of the Wealth of Nations, which Smith published in 1776, is the most important book ever written about capitalism and its moral ramifications. Though The Wealth of Nations is in good part about commerce, it was not written for businessmen or merchants. A book focused on the analysis of market processes motivated by self-interest, it was written by one of the most admired philosophers of the Enlightenment, a former professor of logic, rhetoric, jurisprudence, and moral philosophy, in order to influence politicians and rouse them to pursue the common good.

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

China is a much richer country than any part of Europe.

John Law’s role in resolving the Water Diamond Paradox has been largely forgotten. The name now associated with it is another Scottish economist, Adam Smith. Writing over seventy years after the publication of 'Money and Trade Considered', Smith’s celebrated restatement of the paradox of value, in 'An Inquiry into the Nature and Causes of the Wealth of Nations' is astonishing not for its originality, but for its similarity with John Law’s resolution decades before.

This is a life changing time, a time of restoration and peace for someone's country, that someone who is a citizen of a country with brokenness. God heals countries and now is the time to look upon him for true and permanent divine healing for nations and all people.

Countries and continents with a people who love and know the healing and protecting powerful presence of God Almighty in the name of Jesus Christ will be healed, protected, flourish and prevail in every aspect. When I was in the final stages of this holy book, the Holy Spirit of a Sovereign God in me came through and danced holy healing dances of world restoration, world salvation, world peace, world protection, world love in his mercy and upholding strength. The Holy One made a straight path of life for the restoration and wellness of countries, continents and nationalities who dwell in the accepting and forgiving presence of God Almighty. There was strong and powerful angelic presence manifesting in me as the dances of global love and protection were revealed… There is presence of God Almighty in this world in today's age and era.Thank you Holy Spirit, you are God and you are good, True and Faithful all the time. We bless your Name, Holy One.

All the improvements in machinery, however, have by no means been the inventions of those who had occasion to use the machines. Many improvements have been made by the ingenuity of the makers of the machines, when to make them became the business of a peculiar trade; and some by that of those who are called philosophers or men of speculation, whose trade it is not to do anything, but to observe everything; and who, upon that account, are often capable of combining together the powers of the most distant and dissimilar objects. In the progress of society, philosophy or speculation becomes, like every other employment, the principal or sole trade and occupation of a particular class of citizens. Like every other employment too, it is subdivided into a great number of different branches, each of which affords occupation to a peculiar tribe or class of philosophers; and this subdivision of employment in philosophy, as well as in every other business, improves dexterity, and saves time. Each individual becomes more expert in his own peculiar branch, more work is done upon the whole, and the quantity of science is considerably increased by it.

Each of the atoms composing what we call the Wealth of Nations owes its value to the fact that it is a part of the great whole. [. . .] Millions of human beings have laboured to create this civilization on which we pride ourselves to-day. Other millions, scattered through the globe, labour to maintain it. Without them nothing would be left in fifty years but ruins. [. . .] Science and industry, knowledge and application, discovery and practical realization leading to new discoveries, cunning of brain and of hand, toil of mind and muscle — all work together. Each discovery, each advance, each increase in the sum of human riches, owes its being to the physical and mental travail of the past and the present. By what right then can any one whatever appropriate the least morsel of this immense whole and say — This is mine, not yours?