Wealth Of Nations Quotes & Sayings

The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. — Adam Smith

Until that moment, Canada had been a secular and progressive nation that believed in transfer payments to better distribute the country's wealth, the Westminster model of governance, a national medicare program, a peacekeeping role for the armed forces, an arm's-length public service, the separation of church and state, and solid support for the United Nations. Stephen Harper believed in none of these things. — Michael Harris

The Book of Mormon proposes a new purpose for America: becoming a realm of righteousness rather than an empire of liberty. Against increasing wealth and inequality, the Book of Mormon advocates the cause of the poor. Against the subjection of the Indians, it promises the continent to the native people. Against republican government, it proposes righteous rule by judges and kings under God's law. Against a closed canon Bible and non-miraculous religion, the Book of Mormon stands for ongoing revelation, miracles and revelation to all nations. Against skepticism, it promotes belief; against nationalism, a universal Israel. It foresees disaster for the nation if the love of riches, resistance to revelation, and Gentile civilization prevail over righteousness, revelation and Israel. — Richard L. Bushman

The health of nations is more important than the wealth of nations. — Will Durant

E have become wealthy, and wealth is the prelude to art. In every country where centuries of physical effort have accumulated the means for luxury and leisure, culture has followed as naturally as vegetation grows in a rich and watered soil. To have become wealthy was the first necessity; a people too must live before it can philosophize. No doubt we have grown faster than nations usually have grown; and the disorder of our souls is due to the rapidity of our development. We are like youths disturbed and unbalanced, for a time, by the sudden growth and experiences of puberty. But soon our maturity will come; our minds will catch up with our bodies, our culture with our possessions. Perhaps there are greater souls than Shakespeare's, and greater minds than Plato's, waiting to be born. When we have learned to reverence liberty as well as wealth, we too shall have our Renaissance. — Will Durant

Human history can be viewed as a slowly dawning awareness that we are members of a larger group. Initially our loyalties were to ourselves and our immediate family, next, to bands of wandering hunter-gatherers, then to tribes, small settlements, city-states, nations. We have broadened the circle of those we love. We have now organized what are modestly described as super-powers, which include groups of people from divergent ethnic and cultural backgrounds working in some sense together - surely a humanizing and character building experience. If we are to survive, our loyalties must be broadened further, to include the whole human community, the entire planet Earth. Many of those who run the nations will find this idea unpleasant. They will fear the loss of power. We will hear much about treason and disloyalty. Rich nation-states will have to share their wealth with poor ones. But the choice, as H. G. Wells once said in a different context, is clearly the universe or nothing. — Carl Sagan

Growth theory did not begin with my articles of 1956 and 1957, and it certainly did not end there. Maybe it began with 'The Wealth of Nations'; and probably even Adam Smith had predecessors. — Robert Solow

A new world must be born, a world that would justify the sacrifices offered by humanity. This new world must be a world in which there shall be no exploitation of the weak by the strong, of the good by the evil; where there will be no humiliation of the poor by the violence of the rich; where the products of intellect, science and art will serve society for the betterment and beautification of life, and not the individuals for achieving wealth.
This new world shall not be a world of the downtrodden and humiliated, but of free men and free nations, equal in dignity and respect. — Nikola Tesla

We have imagined ourselves a special creation, set apart from other humans. In the last twentieth century, we see that our povertyis as absolute as that of the poorest nations. We have attempted to deny the human condition in our quest for power after power. It would be well for us to rejoin the human race, to accept our essential poverty as a gift, and to share our material wealth with those in need. — Robert Neelly Bellah

The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. - Adam Smith, The Wealth of Nations, 1776 All our invention and progress seem to result in endowing material forces with intellectual life, and in stultifying human life into a material force. - Karl Marx, speech, 1856 Dreams are not so different from deeds as some may think. All the deeds of men are only dreams at first. And in the end, their deeds dissolve into dreams. - Theodor Herzl, Old New Land, 1902 — Mark Kurlansky

Not that kind of aristocracy," I said with both feet on the floor. "Not an aristocracy of power, based on rank or wealth, but an aristocracy of the sensitive, the considerate, and the plucky. Our members are found in all nations and classes, and through the ages, and there is a secret understanding between us when we meet. — Lemony Snicket

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. — Jerry Z. Muller

Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah, if being rightwing means believing Adam Smith was right, both in the 'Wealth of Nations' and the 'Theory of Moral Sentiments,' then I'm rightwing. — Niall Ferguson

The gaps in power, the gaps in wealth, the gaps in ideology which hold the nations apart also make up the abyss into which mankind can fall to annihilation. — Barbara Ward, Baroness Jackson Of Lodsworth

some nations have tried to bring about more economic equality in economically harmful ways, not through opening up free markets but through brute use of government power. Making equality a more important goal than overall economic growth is a mistake for a government, because merely distributing the same amount of wealth in different ways does not change the total amount of wealth a nation produces each year, which is the only way that any nation has grown from poverty to prosperity. — Barry Asmus

What kind of girl reads Wealth of Nations for fun?"
She closed the book and looked at the front jacket, then at him. "It's a shame really. I had nothing else to read. I left all my Barbie comic books at home. — Jill Barnett

The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals, not merely on special groups in the short run, but on all groups in the long run, the conclusions we arrive at usually correspond with those of unsophisticated common sense. It would not occur to anyone unacquainted with the prevailing economic half-literacy that it is good to have windows broken and cities destroyed; that it is anything but waste to create needless public projects; that it is dangerous to let idle hordes of men return to work; that machines which increase the production of wealth and economize human effort are to be dreaded; that obstructions to free production and free consumption increase wealth; that a nation grows richer by forcing other nations to take its goods for less than they cost to produce; that saving is stupid or wicked and that squandering brings prosperity. — Henry Hazlitt

Everything you see before you is the result of poverty. But how are things any better in the wealthy countries? They protect their own environments, but then shift the heavily polluting industries to the poorer nations. — Liu Cixin

Corporations easily bully governments by threatening to deprive even democratic nations of their wealth. If we try too hard to control them, they say they'll leave and take their jobs with them. — David Suzuki

Economists talk about an invisible hand, in which the self-interested, short-term activities of people lead to what Adam Smith called "the wealth of nations." Geopolitics applies the concept of the invisible hand to the behavior of nations and other international actors. The pursuit of short-term self-interest by nations and by their leaders leads, if not to the wealth of nations, then at least to predictable behavior and, therefore, the ability to forecast the shape of the future international system. — George Friedman

The free market economy is supposed to be the only path leading to the happiness of humanity by promoting wealth and prosperity, power and influence of nations. — Omar Bongo

Nations are political and military entities, and so are blocs of nations. But it doesn't necessarily follow from this that they are also the basic, salient entities of economic life or that they are particularly useful for probing the mysteries of economic structure, the reasons for rise and decline of wealth. Indeed, the failure of national governments and blocs of nations to force economic life to do their bidding suggests some sort of essential irrelevance. — Jane Jacobs

Even though we live in an unfair world, where some men and nations acquire their wealth in ways that are not always as straightforward as we would like it to be, yet in the midst of it all, it is not impossible to discover principles and secrets for the greatness of nations. — Sunday Adelaja

One of the biggest challenges facing the globe is the gap that exists in the wealth and standards of living enjoyed by the world's nations. — Brian Behlendorf

The biblical way to help people rise out of poverty is through wealth creation, not wealth redistribution. For lasting results, we must offer the poor a hand up, not merely a handout. You spell long-term poverty reduction "j-o-b-s." Training and tools liberate people. Trade, not aid, builds the prosperity of nations. — Wayne A. Grudem

I fear not," Hamilcar said gravely, shaking his head. "It seems to be the fate of all nations, that as they grow in wealth so they lose their manly virtues. With wealth comes corruption, indolence, a reluctance to make sacrifices, and a weakening of the feeling of patriotism. — G.A. Henty

How strange it must be, I thought, to be wed not merely as husband and wife but Cruarch and Queen, trading men's lives and the wealth of nations as love-tokens. — Jacqueline Carey

On the intimate level, anyone who has loved a companion animal knows the uniquely wonderful experience these 'other nations' provide, and their important presence in our shared lives. In their very local way they show us the global truth of our real wealth, our biodiversity. — April Gornik

It is certain that despotism ruins individuals by preventing them from producing wealth much more than by depriving them of what they have already produced; it dries up the source of riches, while it usually respects acquired property. Freedom, on the contrary, produces far more goods than it destroys; and the nations which are favored by free institutions invariably find that their resources increase even more rapidly than their taxes. — Alexis De Tocqueville

If the machinery for distribution in the present economic system of the world is incapable of properly distributing the productive wealth of nations, then that system is false and must be altered. — Gregor Strasser

During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to fill the gaps in Adam Smith's system, to correct his errors and to make his analysis vastly more exact. — Ronald Coase

All cultures forged by nations - the noble indigenous past of America, the brilliant civilization of Europe, the wise history of Asian nations, and the ancestral wealth of Africa and Oceania - are corroded by the American way of life. In this way, neoliberalism imposes the destruction of nations and groups of nations in order to reconstruct them according to a single model. This is a planetary war, of the worst and cruelest kind, waged against humanity. — Subcomandante Marcos

People are ready to say, 'Yes, we are ready for single-payer health insurance.' We are the only industrialized country in the world that does not have national health insurance. We are the richest in wealth and the poorest in health of all the industrial nations. — Studs Terkel

We were born a nation of entrepreneurs. That is why so many
people came to this country from so many different nations and cultures
around the globe. The entrepreneur sees the opportunity, takes
action, and successfully learns from the experience. They go on to
create wealth. They become part of that demographic that is called
"the rich." They, not the government, drive the economy and create
jobs. Only a mind with an envious, greedy perspective would consider
punitively taxing the rich as a viable solution to our fiscal miasma.
This is a solution springing from the fount of ignorance and deemed
wise only by fools. — Ziad K. Abdelnour

THE WEALTH OF NATIONS is one of the most important and influential books ever written. It — Adam Smith

In our time, in particular, there exists another form of ownership which is becoming no less important than land: the possession of know-how, technology and skill. The wealth of the industrialized nations is based much more on this kind of ownership than on natural resources. — Pope John Paul II

Our values are defined by what we will tolerate when it is done to others. Everyone's sense of virtue is degraded by the present reality. A revolutionary principle is embedded in the global economic system, awaiting broader recognition: Human dignity is indivisible. Across the distances of culture and nations, across vast gulfs of wealth and poverty, even the least among us are entitled to dignity, and no justification exists or brutalizing them in the pursuit of commerce. — William Greider

But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts. — Paul Ormerod

Peoples have come to experience that political structures and divisions of power are not immutable. Nor will they perceive the distribution of wealth and resources between nations to be unalterably ordained by heaven and incapable of drastic rearrangement by the less than gentle manipulation of man. — Bob Hawke

When you talk about the oil wealth you compare nations. There are some nations with less than five million people. Nigeria has 150 million people. I cannot say that all the money earned from oil since 1958, when the first drop of oil was exported from this country to date, that the money has been effectively used. — Goodluck Jonathan

The world values the seer above all men, and has always done so. Nay, it values all men in proportion as they partake of the character of seers. The Elgin Marbles and a decision of John Marshall are valued for the same reason. What we feel in them is a painstaking submission to facts beyond the author's control, and to ideas imposed on him by his vision. So with Beethoven's Symphonies, with Adam Smith's Wealth of Nations - with any conceivable output of the human mind of which you approve. You love them because you say, These things were not made, they were seen. — John Jay Chapman

Half the U.S. population owns barely 2 percent of its wealth, putting the United States near Rwanda and Uganda and below such nations as pre-Arab Spring Tunisia and Egypt when measured by degrees of income inequality. — Eric Alterman

What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable. — Michael Novak

The original American dream wasn't about wealth, but freedom - freedom to worship and freedom from tyranny. It was also about partnering with God to release the light of His word to all nations, and exporting His glorious gospel to the ends of the earth. — Dutch Sheets

We have engrossed to ourselves, in a time when other powerful nations were paralysed by barbarism or internal war, an altogether disproportionate share of the wealth and traffic of the world. We have got all we want in territory, and our claim to be left in the unmolested enjoyment of vast and splendid possessions, mainly acquired by violence, largely maintained by force, often seems less reasonable to others than to us. — Margaret MacMillan

You're never going to read 'The Wealth of Nations,' and you shouldn't, really. It's 900 pages. — P. J. O'Rourke

The time has come for an all-out war against poverty. The rich nations must use their vast resources of wealth to develop the underdeveloped, school the unschooled, and feed the unfed. Ultimately a great nation is a compassionate nation. No individual or nation can be great if it does not have a concern for "the least of these". — Martin Luther King Jr.

Nigeria is a country with abundance of wealth, but because of lack of truth and integrity, the wealth are stolen, but the paradox of the whole thing is, this stolen wealth always find their way to nations with no apparent natural wealth, but with a high credit of degree of truth and honesty. — Sunday Adelaja

Prosperity and abundance in a society depend on a certain type of person: the producer. Societies with few producers stagnate and decay, while nations with a large number of producers vibrantly grow-in wealth, freedom, power, influence and the pursuit of happiness. — Oliver DeMille

Commerce is the equalizer of the wealth of nations. — William E. Gladstone

The Wealth of Nations may not be an original book, but it is unquestionably a masterpiece. — Robert Heilbroner

In my current work on global warming, I argue that the only apparent solution to the deep problem of climate change would require very large transfers of wealth from rich nations to poor nations, so that the entire world can make the transition to renewable forms of energy as fast as possible. — Philip Kitcher

you know how I feel about the United Nations. From the beginning, it's functioned as a one-world-order organization whose sole function is to look down its collective nose at the one nation that funds it, the United States. The UN has advocated the transfer of wealth out of the United States, the elimination of international borders, the establishment of a single global currency, international gun control, and the elimination of American jobs. It's become a friendly forum for radical and scientifically absurd ideas like global warming and has advocated cockamamie international tax schemes like cap-and-trade. It has done everything it can to end the sovereignty of the United States. — Don Brown

If you define the goal of a society as GNP, that society will do its best to produce GNP. It will not produce welfare, equity, justice, or efficiency unless you define a goal and regularly measure and report the state of welfare, equity, justice, or efficiency. The world would be a different place if instead of competing to have the highest per capita GNP, nations competed to have the highest per capita stocks of wealth with the lowest throughput, or the lowest infant mortality, or the greatest political freedom, or the cleanest environment, or the smallest gap between the rich and the poor. — Donella H. Meadows

We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions. — James Madison

We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men. — Frances Wright

The days of looking the other way while despotic regimes trample human rights, rob their nations' wealth, and then excuse their failings by feeding their people a steady diet of anti-Western hatred are over. — Dick Cheney

Nations are not poor or rich because of their wealth but exceptional morality. — M.F. Moonzajer

To the other nations of the world, religion is one among the many occupations of life. There is politics, there are the enjoyments of social life, there is all that wealth can buy or power can bring, there is all that the senses can enjoy; and among all these various occupations of life and all this searching after something which can give yet a little more whetting to the cloyed senses - among all these, there is perhaps a little bit of religion. But here, in India, religion is the one and the only occupation of life. — Swami Vivekananda

There is not a line in 'The Wealth of Nations' that is not still applicable to this day. — Milton Friedman

The truth therefore is that great nations become great not because of their amount of wealth an Great nations become great thanks to their wealth of truth, honesty and other virtues the natural resources. — Sunday Adelaja

His Holiness brings a wealth of experience to this exalted office. The United Nations and the Holy See share a strong commitment to peace, social justice, human dignity, religious freedom and mutual respect among the world's religions. — Kofi Annan

Who Protects the Consumer? "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chuses to depend chiefly upon the benevolence of his fellow citizens." - Adam Smith, The Wealth of Nations, vol. I, [>] — Milton Friedman

England was nothing, compared to continental nations until she had become commercial ... until about the middle of the last century, when a number of ingenious and inventive men, without apparent relation to each other, arose in various parts of the kingdom, succeeded in giving an immense impulse to all the branches of the national industry; the result of which has been a harvest of wealth and prosperity, perhaps without a parallel in the history of the world. — Samuel Smiles

Has commerce hitherto done anything more than change the objects of war? Is not the love of wealth as domineering and enterprising a passion as that of power or glory? Have there not been as many wars founded upon commercial motives since that has become the prevailing system of nations, as were before occasioned by the cupidity of territory or dominion? Has — Alexander Hamilton

The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another. — Milton Friedman

We believe no more in Bonaparte's fighting merely for the liberties of the seas than in Great Britain's fighting for the liberties of mankind. The object is the same, to draw to themselves the power, the wealth and the resources of other nations. — Thomas Jefferson

For the last one hundred and fifty years, the history of the House of Rothschild has been to an amazing degree the backstage history of Western Europe ... Because of their success in making loans not to individuals but to nations, they reaped huge profits ... Someone once said that the wealth of Rothschild consists of the bankruptcy of nations. — Frederic Morton

The need for de-development presents our economists with a major challenge. They must design a stable, low-consumption economy in which there is a much more equitable distribution of wealth than in the present one. Redistribution of wealth both within and among nations is absolutely essential if a decent life is to be provided for every human being. — John Holdren

1. Decrease current human population below five hundred million and keep it in perpetual balance with nature. 2. Guide reproduction wisely - improving fitness and diversity. 3. Unite humanity with a "living" new language. 4. Redistribute global wealth under the more acceptable term "global public goods." 5. Rebalance personal rights with "social duties." 6. Replace passion, faith, and tradition with reason. 7. Make clever use of new technologies to go around national governments and establish direct ties with citizens. 8. Rebrand global governance as equitable, efficient, and the logical next step in human evolution. 9. Discredit, delegitimize, and dismantle the idea of the nation state/national sovereignty. 10. Prepare a mechanism to neutralize any challenges to United Nations' authority. — Brad Thor

Poverty . . . is a most necessary and indispensable ingredient in society, without which nations and communities could not exist in a state of civilisation," the Scottish merchant and statistician Patrick Colquhoun, turned London magistrate, said in 1806, ironically in an argument for raising people from destitution and misery to mere poverty. "It is the lot of man - it is the source of wealth, since without poverty there would be no labour, and without labour there could be no riches, no refinement, no comfort, and no benefit to those who may be possessed of wealth."113 And weren't the poor resentful that they could not eat rich meats, sauces, and sweets and dubious about the rule that each rank in society needed a distinct diet? — Rachel Laudan

This is indeed India!
... . The land of dreams and romance, of fabulous wealth and fabulous poverty, of splendour and rags, of palaces and hovels, of famine and pestilence, of genii and giants and Aladdin lamps, of tigers and elephants, the cobra and the jungle, the country of hundred nations and a hundred tongues, of a thousand religions and two million gods, cradle of the human race, birthplace of human speech, mother of history, grandmother of legend, great-grandmother of traditions, whose yesterday's bear date with the modering antiquities for the rest of nations-the one sole country under the sun that is endowed with an imperishable interest for alien prince and alien peasant, for lettered and ignorant, wise and fool, rich and poor, bond and free, the one land that all men desire to see, and having seen once, by even a glimpse, would not give that glimpse for the shows of all the rest of the world combined. — Mark Twain

Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to ... We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits. — Arianna Huffington

The laws expressing the relations between energy and matter are, however, not solely of importance in pure science. They necessarily come first in order ... in the whole record of human experience, and they control, in the last resort, the rise or fall of political systems, the freedom or bondage of nations, the movements of commerce and industry, the origin of wealth and poverty, and the general physical welfare of the race. — Frederick Soddy

Books are the treasured wealth of the world and the fit inheritance of generations and nations. — Henry David Thoreau

Beyond infrastructure, the conservative sees the proper role of government as providing not European-style universal entitlements but a firm safety net, meaning Julia-like treatment for those who really cannot make it on their own--those too young or too old, too mentally or physically impaired, to provide for themselves.
Limited government so conceived has two indispensable advantages. It avoids inexorable European-style national insolvency. And it avoids breeding debilitating individual dependency. It encourages and celebrates character, independence, energy, hard work as the foundations of a free society and a thriving economy--precisely the virtues Obama discounts and devalues in his accounting of the wealth of nations. — Charles Krauthammer

And you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold. — Richard Hovey

Wherefore it is impossible to succeed in comparing wealth of different eras or different nations. This, in political economy, like squaring the circle in mathematics, is impracticable, for want of a common mean or measure to go by. — Jean-Baptiste Say

That a country, [England], eminently distinguished for its mechanical and manufacturing ingenuity, should be indifferent to the progress of inquiries which form the highest departments of that knowledge on whose more elementary truths its wealth and rank depend, is a fact which is well deserving the attention of those who shall inquire into the causes that influence the progress of nations. — Charles Babbage

Some time ago a little-known Scottish philosopher wrote a book on what makes nations succeed and what makes them fail. The Wealth of Nations is still being read today. With the same perspicacity and with the same broad historical perspective, Daron Acemoglu and James Robinson have retackled this same question for our own times. Two centuries from now our great-great- ... -great grandchildren will be, similarly, reading Why Nations Fail. — George Akerlof