"Adam Smith" Quotes from Famous Books
 ... baring his breast to rush on the bayonets of the guards, a willing sacrifice, as he believes, poor fellow, for a great public principle. In his pocket he has three pamphlets, 'On Water Drinking, or The Blessings of Imprisonment for Debt,'—and Adam Smith's 'Moral Essays.'—Ruffles hang from his wrists, the relics of former days, rags cover his feeble legs, one foot is naked, and his appearance is that of a ...
— The Mirror of Literature, Amusement, and Instruction - Volume 12, No. 336 Saturday, October 18, 1828 • Various
... wait until after March 4th. "Right oh!" I expect you to have some say as to his successor, especially as to the new Governor. And if you can't work with the new man you can lift your skirts and skip! Freedom of movement, assured as to all by Adam Smith, is exclusively the prerogative of the fortunate few. Don't be downhearted! You can't be as badly off as you were for several years. Just think how unlucky I am as compared with you, and pat yourself on the back and take one of the old ...
— The Letters of Franklin K. Lane • Franklin K. Lane
... like property, they are all contradictory of each other, and half the time inapplicable. The proof of this assertion, which is, in one sense, a denial of political economy as handed down to us by Adam Smith, Ricardo, Malthus, and J. B. Say, and as we have known it for half a century, will be especially developed ...
— The Philosophy of Misery • Joseph-Pierre Proudhon
... the greatest name is that of Adam Smith, whose works, "The Theory of Moral Sentiments" and "Wealth of Nations," must be taken in conjunction. In the first he works on the assumption that sympathy is the mainspring of human conduct. In the "Wealth ...
— The World's Greatest Books, Vol XII. - Modern History • Arthur Mee
... of goods is really measured in existing societies by the amount of work necessary to produce it—according to the teaching of Adam Smith and Ricardo, in whose footsteps Marx has followed—suffice it to say here, leaving ourselves free to return to the subject later, that the Collectivist ideal appears to us untenable in a society which considers the instruments of labour as a common inheritance. Starting ...
— The Conquest of Bread • Peter Kropotkin
... non-productivity of 20,000 drunkards is equal to one Chicago fire involving two hundred millions. Of course, some men produce less and others more than $600 a year; and some there are who have no industrial value—non-producers, according to Adam Smith; paupers, according to John Stuart Mill; thieves, according to Paul, who says, "Let him that stole steal no more, but rather work." In this group let us include the tramps, who hold that the world owes ...
— A Man's Value to Society - Studies in Self Culture and Character • Newell Dwight Hillis
... literary and academic centres of Great Britain. The principal of the university was William Robertson, the {7} celebrated historian. Professor Dugald Stewart, who held the chair of philosophy, had gained a reputation extending to the continent of Europe. Adam Smith, the epoch-making economist, was spending the closing years of his life at his home near the Canongate churchyard. During his stay in Edinburgh, Thomas Douglas interested himself in the work of the literary societies, which ...
— The Red River Colony - A Chronicle of the Beginnings of Manitoba • Louis Aubrey Wood
... England, Adam Smith was working on his mighty volumes on the "Wealth of Nations," which made another plea for "liberty" and the "natural rights of trade." Thirty years later, after the fall of Napoleon, when the reactionary powers ...
— The Story of Mankind • Hendrik van Loon
... equilibrium and motion. But, as he who has actually to build must bear in mind many things never noticed by D'Alembert and Euler, so must he who has actually to govern be perpetually guided by considerations to which no allusion can be found in the writings of Adam Smith or Jeremy Bentham. The perfect lawgiver is a just temper between the mere man of theory, who can see nothing but general principles, and the mere man of business, who can see nothing but particular circumstances. Of lawgivers ...
— The History of England from the Accession of James II. - Volume 3 (of 5) • Thomas Babington Macaulay
... to define man, so as to distinguish him from other animals. Burke says, "Man is an animal that cooks its victuals." "Then," says Johnson, "the proverb is just, 'there is reason in roasting eggs.'" Dr. Adam Smith has hit this case; "Man," says he, "is an animal that makes bargains; no other animal does this—one dog does not change a bone ...
— The Mirror of Literature, Amusement, and Instruction - Volume 10, No. 277, October 13, 1827 • Various
... This opinion seems actually to have been entertained by Adam Smith, the worst critic, David Hume not excepted, that Scotland, a soil to which this sort of weed seems ...
— Prefaces and Prologues to Famous Books - with Introductions, Notes and Illustrations • Charles W. Eliot
... Iron was also the currency of the Spartans, but it has been used as such in much more recent times. Adam Smith, in his Wealth of Nations (Book I. ch. 4, published in 1776), says, "there is at this day a village in Scotland where it is not uncommon, I am told, for a workman to carry nails, instead of money, to the baker's ...
— Industrial Biography - Iron Workers and Tool Makers • Samuel Smiles
... that the moral effect would be immense. "The public system of government is the true education of moral man. Regis ad exemplum totus componitur orbis." [Footnote: The particulars of the Physiocratic doctrine as to the relative values of agriculture and commerce which Adam Smith was soon to criticise do not concern us; nor is it necessary to repeat the obvious criticisms on a theory which virtually reduced the science of society to a ...
— The Idea of Progress - An Inquiry Into Its Origin And Growth • J. B. Bury
... when the mode of life, instead of being one that habitually inflicted direct pain, became one which conferred direct and indirect benefits: the pains inflicted being mainly incidental and indirect. Adam Smith made a large step towards this truth when he recognized sympathy as giving rise to these superior controlling emotions. His Theory of Moral Sentiments, however, requires to be supplemented in two ways. The natural process by which sympathy becomes ...
— Essays: Scientific, Political, & Speculative, Vol. I • Herbert Spencer
... Bernard Shaw, so dislike, more than any other people, even more than the English nation itself. Lord Byron received more benefits from Goethe alone than from all of England put together. Newton, Darwin, and Adam Smith found in Germany their best supporters and interpreters. The dramatic writers of latter-day England, most worthy of mention, from Oscar Wilde to you, Galsworthy and Knoblauch, are recognized by us and their plays performed ...
— New York Times, Current History, Vol 1, Issue 1 - From the Beginning to March, 1915 With Index • Various
... Limitations of bequest and inheritance. Sec. 8. Social expediency of private property. Sec. 9. The monetary economy. Sec. 10. The competitive system. Sec. 11. Limitation of competition by custom. Sec. 12. Effect of modern forces upon custom. Sec. 13. Adam Smith's influence. Sec. 14. ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... reason to be proud of our fellow-countrymen. To take Philosophers and men of Science only, Bacon and Hobbes' Locke and Berkeley, Hume and Hamilton, will always be associated with the progress of human thought; Newton with gravitation, Adam Smith with Political Economy, Young with the undulatory theory of light, Herschel with the discovery of Uranus and the study of the star depths, Lord Worcester, Trevethick, and Watt with the steam-engine, Wheatstone with the electric telegraph, Jenner with the banishment of smallpox, Simpson with ...
— The Pleasures of Life • Sir John Lubbock
... the theory of Political Economy is peculiar to our own day. In more remote times, we find this study confounded with the other moral sciences, of which it was an integral part. When the genius of Adam Smith gave it a distinct character, he did not desire to separate it from those branches of knowledge without which it could only remain a bleached plant from the absence of the ...
— Principles Of Political Economy • William Roscher
... these two, only tends to confirm the essential justice of Carlyle's estimate. Nor need we dispute his estimate of the vigour and manliness of Burns. It is only when Carlyle describes him as "the most gifted British soul" in the eighteenth century—the century of Hume, Adam Smith, Fielding, and Burke—that we begin to smile. Burns was a noble-hearted fellow, as well as a born poet. But perhaps the whole cycle of Sartorian extravaganza contains no saying so futile as the complaint, that the British nation in the great war with France entrusted ...
— Studies in Early Victorian Literature • Frederic Harrison
... morals had improved in the previous hundred years; and none of his reviews exhibits the feeling so common among men of letters in all ages, that their own times are intellectually degenerate. It is true that he looked back to the days of Blair, Hume, Adam Smith, Robertson, and Ferguson, as the "golden days of Edinburgh,"[27] but those golden days were no farther away than his own boyhood, and he had felt the exhilaration of the stimulating society which he praised. One of his contemporaries spoke of Scott's own works ...
— Sir Walter Scott as a Critic of Literature • Margaret Ball
... unenlightened; but it is assumed as an axiom that every man, in whatever he does, is aiming at something which he considers will promote his happiness. His conduct is not determined by his will; it is determined by the object of his desire. Adam Smith, in laying the foundations of political economy, expressly eliminates every other motive. He does not say that men never act on other motives; still less, that they never ought to act on other motives. He asserts merely that, as far ...
— The Best of the World's Classics, Restricted to Prose, Vol. VI (of X)—Great Britain and Ireland IV • Various
... niche the volume he had been reading. It was Adam Smith's Wealth of Nations, and he had been wondering by what ironical chance it had found a ...
— The Price • Francis Lynde
... Scotland, and never return. Once there was quite a company of Englishmen went to Scotland and they never returned. The place where they went was Bannockburn." In literature Scotland has exceeded her quota. From Adam Smith, with his deathless "Wealth of Nations," and Tammas, the Techy Titan, with his "French Revolution," to Bobbie Burns and Robert Louis, the Well-Beloved, we have a people who have been saying things and doing things since John Knox made pastoral ...
— Little Journeys to the Homes of the Great, Volume 11 (of 14) - Little Journeys to the Homes of Great Businessmen • Elbert Hubbard
... to be regretted that the late Adam Smith did not make an inquiry into the subject of Books and their Prices. The result, if not as exhaustive as the 'Wealth of Nations,' would have been quite as important a contribution to the science of social economy. In a ...
— The Book-Hunter in London - Historical and Other Studies of Collectors and Collecting • William Roberts
... us, perhaps not always by our enemies nor wholly without ground?" So said Wesley, preaching before the University of Oxford in 1744, and the words in his mouth imply more than the preacher's formality. Adam Smith, Johnson's junior by fourteen years, was so impressed by the utter indifference of Oxford authorities to their duties, as to find in it an admirable illustration of the consequences of the neglect of the true principles of supply and demand ...
— Samuel Johnson • Leslie Stephen
... Louis had a place, and Sir Walter, as well as Kipling and Meredith and other moderns. But on the shelf that showed most wear were to be found the standard works of economists of different schools from the great Adam Smith to Marx and the lot of his imitators and disciples. This was Malcolm's book-case. There was in another corner near the fire-place a little table and above it hung a couple of shelves for books of another sort, the Bible and The Westminster ...
— To Him That Hath - A Novel Of The West Of Today • Ralph Connor
... acquiescence and proclaim greed and selfishness to be the very core of human nature, take it all for granted, and let it pass at that. We have gone so far in our degradation that the prophet of capitalistic principles, Adam Smith, in his famous Wealth of Nations, arrives at the laws of wealth, not from the phenomena of wealth nor from statistical statements, but from the phenomena of selfishness—a fact which shows how far-reaching in its dire influence upon all humanity is the theory that human beings ...
— Manhood of Humanity. • Alfred Korzybski
... nor preach, and was liable to ruinous fines and long imprisonment. [17] In those days the guns that were pointed by the Church against the Dissenters were shotted. The law was a cesspool of iniquity and cruelty. Adam Smith was a new prophet whom few regarded, and commerce was hampered by idiotic impediments, and ruined by still more absurd help, on the ...
— Science & Education • Thomas H. Huxley
... he entered the class of moral philosophy under Adam Smith at Glasgow. Perhaps his father had thought that in the more sedate capital of the West, and in close propinquity to Auchinleck, there would be less scope for the long career of eccentricities upon which he was now to enter. If such, however, had been the intention, ...
— James Boswell - Famous Scots Series • William Keith Leask
... with arguments as I ought to have been. That is all in the Gospel according to Adam Smith, which my father had been brought up in, but of which the tenets had begun to be less binding in my day. I wanted something more, or else something less; but my views were not so clear, nor my system so logical and well-built, ...
— The Open Door, and the Portrait. - Stories of the Seen and the Unseen. • Margaret O. (Wilson) Oliphant
... that the sciences are always in a state of progression, and that the alterations made by a modern editor in an old book on any branch of natural or political philosophy are likely to be improvements. Some errors have been detected by writers of this generation in the speculations of Adam Smith. A short cut has been made to much knowledge at which Sir Isaac Newton arrived through arduous and circuitous paths. Yet we still look with peculiar veneration on the Wealth of Nations and on the Principia, and should regret to see either of those great works garbled even by the ablest hands. ...
— Critical and Historical Essays Volume 2 • Thomas Babington Macaulay
... vols. 8vo. 1814, with the same portrait, which is engraved from a drawing by D. Martin. His "Gentleman Farmer" spread his fame through Scotland. Its preface is particularly interesting. Mr. Smellie, in his Literary Lives of Gregory, Home, Hume, Adam Smith, and Lord Kames, after giving many interesting particulars of the latter, and after noticing his benevolence to the poor, during the whole course of his long life, proceeds:—"One great feature in the character ...
— On the Portraits of English Authors on Gardening, • Samuel Felton
... Adam Smith says that it is not uncommon for mothers in the Highlands of Scotland, who have borne twenty children, to have only two ...
— The Young Mother - Management of Children in Regard to Health • William A. Alcott
... don't understand political economy, you know," said Mr. Brooke, smiling towards Mr. Casaubon. "I remember when we were all reading Adam Smith. There is a book, now. I took in all the new ideas at one time—human perfectibility, now. But some say, history moves in circles; and that may be very well argued; I have argued it myself. The fact is, human reason may carry you a little too far—over ...
— Middlemarch • George Eliot
... for many centuries an attempt to fix the price of almost everything; and of labor, too, what wages a man should be paid. It lasted persistently for centuries and centuries, and it was only under the influence of modern political economy, Adam Smith and other quite modern writers, that the principle that it was possible to fix prices of commodities was utterly eradicated from the English mind. And you hardly got it out of England before it reappeared in the United States. It is not a new-fangled ...
— Popular Law-making • Frederic Jesup Stimson
... in general appellations, or in proper names. It is the question of the primum cognitum, and its consideration will help us perhaps in discovering the true nature of the root, or the primum appellatum. Some philosophers, among whom I may mention Locke, Condillac, Adam Smith, Dr. Brown, and, with some qualification, Dugald Stewart, maintain that all terms, as at first employed, are expressive of individual objects. I quote from Adam Smith. 'The assignation,' he says, 'of particular names to denote particular ...
— The Continental Monthly, Vol. 6, No 4, October, 1864 - Devoted To Literature And National Policy • Various
... flames who try to extinguish with a cupful a whole burning wagon-load of fagots." He also says that "the feeling of distress is the root of benevolence, therefore a benevolent man is ever mindful of those who are suffering and in distress." Thus did Mencius long anticipate Adam Smith who founds his ...
— Bushido, the Soul of Japan • Inazo Nitobe
... until 1776 that Adam Smith in his famous Wealth of Nations showed that such restrictions were actually injurious to the prosperity of the country which imposed them, and combated the theories on which the relations of England with her colonies had been built up. He desired that the colonies should be represented ...
— The Political History of England - Vol. X. • William Hunt
... the year 1750 Adam Smith was appointed professor of logic and, being rather unexpectedly called to discharge the duties of his office he found it necessary to read to his pupils in the English language, a course of lectures on rhetoric and belles lettres, which he had formerly ...
— The Works of the Rev. Hugh Binning • Hugh Binning
... did not see Sam often in the next month. It had occurred to Sam senior that Adam Smith might cure the boy's taste for 'bosh'; so, by his father's orders, his Sunday afternoons were devoted to The Wealth of Nations. As for his evenings, his grandfather took possession of them. Benjamin Wright's proposal that the young man ...
— The Awakening of Helena Richie • Margaret Deland
... over the old London Magazine. Lamb's papers come in delightfully: read over the Old China the night you get this, and sympathize with me. The account of the dish of green pease, etc., is the true history of lawful luxury. Not Johnson nor Adam Smith told so much. It is founded not on statistics but on ...
— Letters of Edward FitzGerald - in two volumes, Vol. 1 • Edward FitzGerald
... eggs by the basketful, and even sometimes chickens. They required no pay beyond a nod and a smile, and went away happy at those slender recognitions. Felix discovered, in fact, that they had got into a region where the arid generalizations of political economy do not apply; where Adam Smith is unread, and Mill neglected; where the medium of exchange is an unknown quantity, and where supply and demand readjust themselves continuously by simpler and more generous principles than the familiar European one of ...
— The Great Taboo • Grant Allen
... of Nations witnessed a painful scene. The English moralist gave the Scotch one the lie direct, and the Scotch moralist applied to the English one a phrase which would have done discredit to the lips of a costermonger; {117} but this notwithstanding, when Boswell reported that Adam Smith preferred rhyme to blank verse, Johnson hailed the news as enthusiastically as did Cedric the Saxon the English origin of the bravest knights in the retinue of the Norman king. 'Did Adam say that?' he shouted: 'I love him for it. I could hug him!' Johnson no doubt honestly believed he held George ...
— Obiter Dicta - Second Series • Augustine Birrell
... sociological work in college. Read them with the critical social and political situations in mind. Read entire books at a sitting to absorb the spiritual valor of the prophets and their sense of God and of righteousness. George Adam Smith's "The Book of the Twelve Prophets" has fine social understanding, and gives ...
— The Social Principles of Jesus • Walter Rauschenbusch
... knowledge-diffuser is looking over my shoulder, and tells me, "Increase education, and cheapen good books, and all this rubbish will disappear!" Sir, I don't believe a word of it. If you printed Ricardo and Adam Smith at a farthing a volume, I still believe that they would be as little read by the operatives as they are nowadays by a very large proportion of highly-cultivated men. I still believe that, while the press works, attacks on the rich and ...
— My Novel, Complete • Edward Bulwer-Lytton
... argument that I shall adduce is certainly not new. The principles on which it depends have been explained in part by Hume, and more at large by Dr Adam Smith. It has been advanced and applied to the present subject, though not with its proper weight, or in the most forcible point of view, by Mr Wallace, and it may probably have been stated by many writers that I have never met with. I should certainly therefore not think ...
— An Essay on the Principle of Population • Thomas Malthus
... individual presenting the copy and yet differentiation from him. Through imitation we appreciate the other person. We are in sympathy or en rapport with him, while at the same time we appropriate his sentiment and his technique. Ribot and Adam Smith analyze this relation of imitation to sympathy and Hirn points out that in art this process of internal imitation is indispensable ...
— Introduction to the Science of Sociology • Robert E. Park
... books very soon. I only wish to give Dr. Adam Smith one other perusal, which I will do in one or ...
— The Letters of Robert Burns • Robert Burns
... selection of solid books from his library, and over these the greater part of each day was spent. Not that he studied with any zeal; reading, and of a kind that demanded close attention, was his only resource against melancholia; he knew not how else to occupy himself. Adam Smith's classical work, perused with laborious thoroughness, gave him employment for a couple of months; subsequently he plodded through all the volumes ...
— The Odd Women • George Gissing
... religious, which had overlaid the energies of our country for more than a century, had long been removed, and the national mind had swelled and expanded under a better system of things, till its influence had become co-extensive with civilized man. Hume had produced his inimitable history, and Adam Smith his wonderful work, which was to revolutionise and new-model the economy of all the governments of the earth. And there, in my little library, were the histories of Henry and Robertson, the philosophy of Kaimes ...
— Wilson's Tales of the Borders and of Scotland, Volume 2 - Historical, Traditional, and Imaginative • Alexander Leighton
... these two metals form the money of the most civilised nations, need not be gone into here at any length. 'Their qualities of utility, beauty, and scarcity,' says Adam Smith, 'are the original foundation of the high price of those metals, or of the great quantity of other goods for which they can everywhere be exchanged. This value was antecedent to, and independent of, their being employed as coin, and was the quality which fitted ...
— Chambers's Edinburgh Journal, No. 449 - Volume 18, New Series, August 7, 1852 • Various
... other of the many "issues" evolved from time to time by professional politicians as a kind of Pegasus upon which they fondly hope to ride into power—ever carefully considered the question in all its bearings; studied it from a national, sectional or even individual standpoint. Questions upon which Adam Smith and Auguste Compte, Jefferson and Hamilton disagreed, are settled by the dicta of a partisan convention—composed chiefly of political hacks and irresponsible hoodlums—with less trouble than a colored ...
— Volume 1 of Brann The Iconoclast • William Cowper Brann
... (1730-1792), fellow of Magdalen College, Oxford, vice-Chancellor of the University (1776), Dean of Canterbury (1781), and Bishop of Norwich (1790). He was a great satirist, but most of his pamphlets against men like Adam Smith, Swedenborg, and Hume, were anonymous, as in the case of this one against Newton. He was so liberal in his attitude towards the Methodists that he would not have John Wesley forbidden to preach in his diocese. He was twenty-one when this ...
— A Budget of Paradoxes, Volume I (of II) • Augustus De Morgan
... negro's will. That does not cooperate with the forced toil of the body. This is but the necessary consequence of all labor which does not benefit the laborer. It is a just remark of that profound political economist, Adam Smith, that "a slave can have no other interest than to eat and waste as much, and work as ...
— The Complete Works of Whittier - The Standard Library Edition with a linked Index • John Greenleaf Whittier
... determined to keep to herself the industrial secrets she had gained. According to the economic beliefs of the eighteenth century, which gave place but slowly to the doctrines of Adam Smith, monopoly rather than cheap production was the road to success. The laws therefore forbade the export of English machinery or drawings and specifications by which machines might be constructed in other countries. Some men saw a vast prosperity for Great Britain, if ...
— The Age of Invention - A Chronicle of Mechanical Conquest, Book, 37 in The - Chronicles of America Series • Holland Thompson
... age of indiscretion; and the occasion was his being paired in the hayfield, according to the Scottish custom, with a bonnie lassie. This custom of pairing still endures, and is what the students of sociology call an expeditious move. The Scotch are great economists—the greatest in the world. Adam Smith, the father of the science of economics, was a Scotchman; and Draper, author of "A History of Civilization," flatly declares that Adam Smith's "Wealth of Nations" has influenced the people of Earth for good more than any ...
— Little Journeys to the Homes of the Great, Volume 5 (of 14) • Elbert Hubbard
... scales so delicate that the tenderest conscience can hardly hesitate to indulge itself now and then in the flowery little by-paths that run so pleasantly close to the straight and narrow way. It was not in the confessional that Filangieri and Gioja and Romagnosi studied, that Adam Smith sought the secret of national prosperity, or that Sismondi found that perennial fountain of generous sympathies, which, through his fifty years of incessant labor, welled up with such a quickening and invigorating vitality ...
— Atlantic Monthly,Volume 14, No. 82, August, 1864 - A Magazine Of Literature, Art, And Politics • Various
... Raeburn was not too late to paint many of the most gifted of the older generation. David Hume, who sat to Ramsay more than once, was dead before the new light rose above the horizon, and the appearance of Adam Smith does not seem to be recorded except in a Tassie medallion; but Black, the father of modern chemistry, and Hutton, the originator of modern geology, were amongst his early sitters; and fine works in a more mature manner have Principal Robertson, James Watt, ...
— Raeburn • James L. Caw
... accuracy in terms that are positively contemptuous. Whenever he was in the one mood he seemed to forget the possibility of any other; so much so that I have sometimes thought that he did this deliberately and for the same reasons as those which led Adam Smith to exclude one set of premises in his Theory of Moral Sentiments and another in his Wealth of Nations. I believe, however, that the explanation lies in the fact that my brother was inclined to underrate the importance of belief ...
— The Fair Haven • Samuel Butler
... places, and with a slight change of name. "Political Economy" has been painted out, and instead we read "Economics—under entirely new management." Modern Economics differs mainly from old Political Economy in having produced no Adam Smith. The old "Political Economy" made certain generalisations, and they were mostly wrong; new Economics evades generalisations, and seems to lack the intellectual power to make them. The science hangs like a gathering ...
— A Modern Utopia • H. G. Wells
... infinite labour and care. Lombard Street, like The English Constitution in political studies, is thus a new departure in economic and financial studies, applying the same sort of keen observation which Adam Smith used in the analysis of business generally to the special business of banking and finance in the complex modern world. It is, perhaps, not going too far to say that the whole theory of a one-reserve system ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various
... and of Increase of Want with Increase of Wealth." It is the most startling novel and original book of the last twenty years, and if I mistake not will in the future rank as making an advance in political and social science equal to that made by Adam Smith a century ago. ...
— Alfred Russel Wallace: Letters and Reminiscences, Vol. 1 (of 2) • James Marchant
... free labour achieved a wonderful popularity; but then, as the writer I have just quoted reminds us: "Free labour had not Adam Smith's meaning: it meant the freedom of the employer to take what labour he wanted, at the price he chose and under ...
— The War and Unity - Being Lectures Delivered At The Local Lectures Summer - Meeting Of The University Of Cambridge, 1918 • Various
... The Dominie loved his young charge, and was enraptured with his own success, in having already brought him so far in his learning as to spell words of three syllables. The idea of this early prodigy of erudition being carried off by the gipsies, like a second Adam Smith, [* The father of Economical Philosophy was, when a child, carried off by gipsies, and remained some hours in their possession.] was not to be tolerated; and accordingly, though the charge was contrary to all ...
— Guy Mannering • Sir Walter Scott
... antagonism to the State as such. Thus the political theory of Milton and the Puritans not only justified resistance to Charles I, it also proclaimed a doctrine of the natural rights of the individual fatal to all types of government. Similarly the political theory of Adam Smith and the laissez-faire economists, together with that of their contemporaries, Bentham and the utilitarian philosophers, not only attacked the restrictive regulations of the Whig oligarchy, but showed on general principles the strongest dislike of what ...
— Freedom In Service - Six Essays on Matters Concerning Britain's Safety and Good Government • Fossey John Cobb Hearnshaw
... that Mr. Adam Smith was not altogether the originator of the idea of free trade; and six hundred years have passed without bringing Europe generally to the degree of mercantile intelligence, as to weights and currency, which Florence had in her year ...
— Val d'Arno • John Ruskin
... and the novelists are reserved for special chapters; and of the other writers—Berkeley and Hume in philosophy; Robertson, Hume, and Gibbon in history; Chesterfield and Lady Montagu in letter writing; Adam Smith in economics; Pitt, Burke, Fox, and a score of lesser writers in politics—we select only two, Burke and Gibbon, whose works are most typical of the Augustan, i.e. the elegant, classic style of ...
— English Literature - Its History and Its Significance for the Life of the English Speaking World • William J. Long
... has no honour." "Charles the Second was a good King." "Governments should turn out of the Civil Service all who were on the other side." "Judges in India should be encouraged to trade." "No country is the richer on account of trade." (I wonder if Adam Smith was in the company when this proposition was laid down!) "A landed proprietor should turn out those tenants who did not vote as he wished." "It is not good for a labourer to have his wages raised." "When the balance of trade is against a country, the margin must be paid in current coin." ...
— Through the Magic Door • Arthur Conan Doyle
... crime. The third was the Spirit of Laws, by Montesquieu. It placed legislation on the basis of philosophy; and straightway law began to spring up among the nations out of a new soil. The fourth and last great work—An Inquiry into the Nature and Causes of the Wealth of Nations, by Adam Smith—was by far the most influential of them all. 'It is,' says Sir James, 'perhaps the only book which produced an immediate, general, and irrevocable change in some of the most important parts of ...
— Leading Articles on Various Subjects • Hugh Miller
... world's history could this Bridge have been built. Within the last hundred years the greater part of the knowledge necessary for its erection has been gained. Chemistry was not born until 1776, the year when political economy was ushered into the world by Adam Smith, and the Declaration of Independence was proclaimed by the Continental Congress, to be maintained at the point of the sword by George Washington. In the same year Watt produced his successful steam ...
— Opening Ceremonies of the New York and Brooklyn Bridge, May 24, 1883 • William C. Kingsley
... desirable in a system of taxation have been embodied by Adam Smith in four maxims or principles, which may be said to ...
— The World's Greatest Books—Volume 14—Philosophy and Economics • Various
... Prof. Torrens, Prof. Sidgwick, J. R. McCulloch, Mr. Gallatin, Prof. Fawcett, Prof. Perry, N. A. Nicholson, Earl Grey, Prof. Shield Nicholson, Lord Overstone, and, in fact, by all writers on political economy of any prominence since Adam Smith. Formerly it was supposed that the value of money depended upon the cost of production; that the reason why a dollar in gold or silver was worth 100 cents was because it took 100 cents' worth of labor to produce metal enough to make a dollar. This theory, however, has ...
— The Arena - Volume 18, No. 92, July, 1897 • Various
... lost in dignity in the periods of Jewish prosperity and settled city life. But, as George Adam Smith points out accurately, the prevailing character of Judea is naturally pastoral, with husbandry only incidental. "Judea, indeed, offers as good ground as there is in all the East for observing the grandeur of the shepherd's character,"—his devotion, his tenderness, his ...
— The Book of Delight and Other Papers • Israel Abrahams
... attempts to realize abstractions, and that they are replaced in his later writings by a rational theory of psychology. (See introductions to the Meno and the Sophist.) And in the Cratylus he gives a general account of the nature and origin of language, in which Adam Smith, Rousseau, and other writers of the last century, would have substantially agreed. At the end of the dialogue, he speaks as in the Symposium and Republic of absolute beauty and good; but he never supposed that ...
— Cratylus • Plato
... changed man—industrious, thrifty, Christian. Whereas he had been idle now he devoted his leisure time to reading and it is said that one of the books that he read was Adam Smith's Wealth of Nations.[18] By his application to reading and writing he was able in a little time to make dray tickets and to act as shipping clerk.[19] His work in the warehouse was "such as no ...
— The Journal of Negro History, Volume 7, 1922 • Various
... appropriation by an individual, under existing law, no doubt, of socially created wealth. For the principle of a special charge being levied on this class of wealth we can cite economic authority as high us Adam Smith, and political authority as respectable as Lord Rosebery; and for its application we need not merely cite authority, but we can point to the successful practice of ...
— Liberalism and the Social Problem • Winston Spencer Churchill
... Will; tho' Mr. Boswell and others have Reason to question the genuineness of his Attachment. Other and later Members of the CLUB were Mr. David Garrick, the Actor and early Friend of Dr. Johnson, Messieurs Tho. and Jos. Warton, Dr. Adam Smith, Dr. Percy, Author of the "Reliques," Mr. Edw. Gibbon, the Historian, Dr. Burney, the Musician, Mr. Malone, the Critick, and Mr. Boswell. Mr. Garrick obtain'd Admittance only with Difficulty; for the Doctor, notwithstanding his great Friendship, was for ever affecting to decry the ...
— Writings in the United Amateur, 1915-1922 • Howard Phillips Lovecraft
... one turn down the harbor I should have known more about it. Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his ...
— Walden, and On The Duty Of Civil Disobedience • Henry David Thoreau
... some men have studied hard, as Bentley and Clarke.' Trying him by that criterion upon which he formed his judgement of others, we may be absolutely certain, both from his writings and his conversation, that his reading was very extensive. Dr. Adam Smith, than whom few were better judges on this subject, once observed to me that 'Johnson knew more books than any man alive.' He had a peculiar facility in seizing at once what was valuable in any book, without submitting to the labour of perusing ...
— Life Of Johnson, Vol. 1 • Boswell, Edited by Birkbeck Hill
... for me, and Nancy and I, our development, was all that mattered, especially my development. Let every man and woman look out for his or her development, and in the end the majority of people would be happy. This was going Adam Smith one better. When it came to putting that theory into practice, however, one needed convictions: Nancy had been right when she had implied that convictions were precisely what we lacked; what our world in general lacked. We had desires, yes convictions, no. What we wanted we ...
— The Crossing • Winston Churchill
... over so valiantly is scattered to the four ends of the earth. It may be as potent to-day as then; but it does not seem nearly so heroic. A good deal of it has found its way to London, which a short century and a half ago "had not," according to Adam Smith, "sufficient wealth to compete with Cadiz." We have had our full share without fighting for it. Thus all things come to him who ...
— Marse Henry, Complete - An Autobiography • Henry Watterson
... indeed, to me a mystery, how the sharp-sighted could suppose so huge a mass of sense and nonsense, jest and earnest, humorous and pathetic, good, bad, and indifferent, amounting to scores of volumes, could be the work of one hand, when we know the doctrine so well laid down by the immortal Adam Smith, concerning the division of labour. Were those who entertained an opinion so strange, not wise enough to know, that it requires twenty pairs of hands to make a thing so trifling as a pin—twenty couple of dogs to kill an animal ...
— The Betrothed • Sir Walter Scott
... you can do anything you like with them. Once they start to laugh they are lost. So they got Mr. Dreery, the English Literature teacher at the high school, to give an evening of readings from the Great Humorists from Chaucer to Adam Smith. They came mighty near to making a barrel of money out of that. If the people had once started laughing it would have been all over with them. As it was I heard a lot of them say that they simply wanted ...
— Sunshine Sketches of a Little Town • Stephen Leacock
... superstitious terror of complexity as the sink of facts. Nothing came out as it should. In principle, according to figures, any one could set up or pull down a society. One could frame no sort of satisfactory answer to the constructive doctrines of Adam Smith, or to the destructive criticisms of Karl Marx or to the anarchistic imprecations of Elisee Reclus. One revelled at will in the ruin of every society in the past, and rejoiced in proving the prospective overthrow of every society that seemed possible in the ...
— The Education of Henry Adams • Henry Adams
... self-preservation which is the first law of nature. They spring straight from the acquisitiveness which is a universal characteristic of human nature and indeed of animal and vegetable nature. Every living thing wants to acquire food. Adam Smith indeed restricts the trading instinct to mankind. 'The propensity', he says, 'to truck, barter, or exchange one thing for another ... is common to all men and to be found in no other race of animals, which seem to know neither ...
— The Unity of Civilization • Various
... nor to the present period, but extends to all times and nations. Indeed, finance, as a science, belongs to the world. It is a principal branch of the doctrine of 'the wealth of nations,' discussed, during the last century, with so much ability by Adam Smith. Although many great principles were then settled, yet political economy is emphatically progressive, especially the important branches of ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various
... of altruism in the motive as well as in the end or criterion of right actions.[7] Thus the idea of utility was extended to embrace higher moral ends. But the antithesis between the 'self' and the 'other' was not overcome. To introduce the notion of sympathy, as Adam Smith and others did, is to beg the question. Try as you will, you cannot deduce benevolence from selfishness. The question for the utilitarian must always arise, 'How far ought I to follow my natural desires, and how far my altruistic?' There must be a constant ...
— Christianity and Ethics - A Handbook of Christian Ethics • Archibald B. C. Alexander
... the industrial arts since the days of James Watt, or to recount the glorious names in philosophy, in history, in poetry and romance, and in every department of science, which since the middle of the eighteenth century have made the country of Burns and Scott, of Hume and Adam Smith, of Black and Hunter and Hutton and Lyell, illustrious for all future time. Now this period of magnificent intellectual fruition in Scotland was preceded by a period of Calvinistic orthodoxy quite as rigorous as that of New England. The ministers of the Scotch ...
— The Beginnings of New England - Or the Puritan Theocracy in its Relations to Civil and Religious Liberty • John Fiske
... self-government is closely associated with the question of self-support. Plenty of good land and the liberty to manage their own affairs were the causes assigned by Adam Smith for the marked prosperity of the British colonies towards the end of the 18th century. The same causes are still observed to produce the same effects, and it may be pointed out that, since the date of the latest of Adam Smith's writings, upwards of 6,000,000 sq. m. of virgin ...
— Encyclopaedia Britannica, 11th Edition, Volume 4, Part 3 - "Brescia" to "Bulgaria" • Various
... Christian, fought in Palestine. It is a spot which many a great leader of legions has coveted, and to its military history our home county yeomen have added another brilliant page. Let me quote the description of Jezar from George Adam Smith's Historical Geography of the Holy Land, a book of fascinating interest to all students of the Sacred History which many of the soldiers in General Allenby's Army read with great ...
— How Jerusalem Was Won - Being the Record of Allenby's Campaign in Palestine • W.T. Massey
... death. But the Johnsonian vanity of wishes is on the whole satisfactory to Johnson—accepted with gentlemanly resignation by Pope—triumphantly and with bray of penny trumpets and blowing of steam-whistles, proclaimed for the glorious discovery of the civilized ages, by Mrs. Barbauld, Miss Edgeworth, Adam Smith, and Co. There is no God, but have we not invented gunpowder?—who wants a God, with that in his pocket?[68] There is no Resurrection, neither angel nor spirit; but have we not paper and pens, and cannot every blockhead print his opinions, and the Day of Judgment ...
— On the Old Road, Vol. 2 (of 2) - A Collection of Miscellaneous Essays and Articles on Art and Literature • John Ruskin
... trade, and to stimulate and replenish the reciprocal flow of export and import. That he at this time, or perhaps in truth at any time, had acquired complete mastery of those deeper principles and wider aspects of free trade of which Adam Smith had been the great exponent—principles afterwards enforced by the genius of Cobden with such admirable still, persistency, and patriotic spirit—there was nothing to show. Such a scheme had no originality in it. ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley
... made by an aged member of Parliament to Kropotkin some years ago, and the present elections testify strongly to the truth of that remark. For a country which produced the father of political economy, Adam Smith—for Scotland is included in our generalization—Robert Owen, the father of libertarian Socialism, which in the forties stood almost at the head of the Socialist movement in Europe, which has been the scene of so many ...
— Mother Earth, Vol. 1 No. 1, March 1906 • Various
... the truth of this principle may be slow in development, as all truths are, and ever have been, in the various branches of science. It was so with the principles announced by Galileo; it was so with Adam Smith and his principles of political economy; It was so with Harvey in his theory of the circulation of the blood. It is said that not a single one of the medical profession, at the time of the announcement of the truths made by him, admitted them; now they are universally acknowledged. ...
— Atlantic Monthly, Vol. 11, No. 63, January, 1863 - A Magazine Of Literature, Art, And Politics • Various
... to discuss this sort of business situation with a progressive manager, without feeling that he does not approach business exclusively from the standpoint of gain; in other words, to use the phrase of Adam Smith, he is not exclusively an "economic man." The manager of a modern business, on the contrary, is a man very much like the rest of us, and being such a man he is first of all desirous of conforming to whatever ...
— Higher Education and Business Standards • Willard Eugene Hotchkiss
... My chosen friend and ally, Bob M'Corkindale, was equally hard up with myself, and, if possible, more averse to exertion. Bob was essentially a speculative man—that is, in a philosophical sense. He had once got hold of a stray volume of Adam Smith, and muddled his brains for a whole week over the intricacies of the "Wealth of Nations." The result was a crude farrago of notions regarding the true nature of money, the soundness of currency, and relative value of capital, ...
— Stories by English Authors: Scotland • Various
... Jerusalem Under the High Priests, presents, especially from the ecclesiastical point of view, a fresh survey of the history during the Greek and Maccabean periods. The geographical background may be studied either in George Adam Smith's Historical Geography of the Holy Land or in Kent's Biblical Geography ...
— The Makers and Teachers of Judaism • Charles Foster Kent
... English forerunners; in the middle ages Occam and Duns Scotus, in the eighteenth century Berkeley and Hume. In his moral philosophy, as we shall see later, he is an adherent of the school which is represented by Hutcheson, Hume and Adam Smith. Because he is no philosopher in the stricter sense of the term, it is of great interest to see that his attitude of mind is that of the great thinkers of ...
— Darwin and Modern Science • A.C. Seward and Others
... our science, one of the greatest minds of which humanity can boast—Adam Smith. He restored the ancient wisdom of our ancestors, and also clearly and irrefutably demonstrated what they had only instinctively recognised—namely, that the increase of wealth depends upon the productiveness ...
— Freeland - A Social Anticipation • Theodor Hertzka
... what he believes ought to be done. I have a very high opinion of Mr. Carlisle. I do not suppose any party in this country is really for free trade. I find that all writers upon the subject, no matter which side they are on, are on that side with certain exceptions. Adam Smith was in favor of free trade, with a few exceptions, and those exceptions were in matters where he thought it was for England's interest not to have free trade. The same may be said of all writers. So far as I can see, ...
— The Works of Robert G. Ingersoll, Volume VIII. - Interviews • Robert Green Ingersoll
... afford so much disappointment to the reader. 'To reach down a well-bound semblance of a volume, and hope it is some kind-hearted play-book, then, opening what "seem its leaves," to come bolt upon a withering population essay'—'to expect a Steele or a Farquhar, and find—Adam Smith'—those, indeed, are doleful and dispiriting experiences, to which the unsuspecting student ought not in enlightened times to be subjected. If Mr. Gilbert's Mikado be right in the view that the punishment ought to 'fit the crime,' so assuredly ...
— By-ways in Book-land - Short Essays on Literary Subjects • William Davenport Adams
... ADAM SMITH. Illustration of the workings of Sympathy. Mutual sympathy. The Amiable and the Respectable Virtues. How far the several passions are consistent with Propriety. Influences of prosperity and adversity on moral judgments. The Sense of Merit and Demerit. Self-approbation. Love of Praise and ...
— Moral Science; A Compendium of Ethics • Alexander Bain
... wonderful both for art and learning; Hume, Reid, and Stewart, carried metaphysical inquiry to its utmost depth; Gray, Burns, Goldsmith, Coleridge, Southey, and Wordsworth, were not unworthy successors of Dryden and Pope; Adam Smith called into existence the science of political economy, and nearly brought it to perfection in a single lifetime; Reynolds and West adorned the galleries with pictures which would not have disgraced the land of artists; while scholars, too numerous to mention, astonished the world ...
— A Modern History, From the Time of Luther to the Fall of Napoleon - For the Use of Schools and Colleges • John Lord
... Here is a nation,' goes on Wainwright, 'on the brink of destruction. A man of intelligence could rescue it from its impending doom in one day by issuing the necessary edicts and orders. President Gomez knows nothing of statesmanship or policy. Do you know Adam Smith?' ...
— Rolling Stones • O. Henry
... with Franklin informally, and ascertain the terms upon which the Americans would make peace. The person chosen for this purpose was Richard Oswald, a Scotch merchant, who owned large estates in America,—a man of very frank disposition and liberal views, and a friend of Adam Smith. In April, Oswald had several conversations with Franklin. In one of these conversations Franklin suggested that, in order to make a durable peace, it was desirable to remove all occasion for future ...
— The Critical Period of American History • John Fiske
... Adam Smith makes the pithy observation that the man who sympathises with a woman in childbed, cannot be said to put himself in her place. ("The Theory of the Moral Sentiments," Part vii. sec. iii. chap. i.) Perhaps there is more humour than force ...
— Evolution and Ethics and Other Essays • Thomas H. Huxley
... asked to sum up in a sentence the difference and the connection (between the two schools) I would say that the Manchester men were the disciples of Adam Smith and Bentham, while the Philosophical Radicals followed Bentham and Adam Smith" (F. W. Hirst, The Manchester School, Introd., p. xi). Lord Morley, in the concluding chapter of his Life of Cobden, points out that it was ...
— Liberalism • L. T. Hobhouse
... Cork, and Limerick were all built by the Danes. But a foundation had to be laid, and Froude felt bound also to make it clear that he did not take the old Whig view of Government as a necessary evil, or swear by the "dismal science" of Adam Smith. ...
— The Life of Froude • Herbert Paul
... and 1707, and had thus secured equal laws and equal trading privileges, she would at any rate have emerged from her period of trial and discord not later than Scotland, and would have anticipated the economic and social advantages predicted by Adam Smith,[11] when he says— ...
— Against Home Rule (1912) - The Case for the Union • Various
... that the economist really assumes more—and rightly assumes more—than he sometimes claims. He assumes what Adam Smith assumed at the opening of his great treatise: that is, the division of labour. But the division of labour implies the organisation of society. It implies that one man is growing corn while another is digging gold, because each is confident that he will be able to exchange the products ...
— Social Rights and Duties, Volume I (of 2) - Addresses to Ethical Societies • Sir Leslie Stephen
... the old rock, a real Jacobite. "Is not the Tory party," Waldershare would exclaim, "a succession of heroic spirits, 'beautiful and swift,' ever in the van, and foremost of their age?—Hobbes and Bolingbroke, Hume and Adam Smith, Wyndham and Cobham, Pitt and Grenville, Canning and Huskisson?—Are not the principles of Toryism those popular rights which men like Shippen and Hynde Cotton flung in the face of an alien monarch and his ...
— Endymion • Benjamin Disraeli
... to regulate trade with what was now a foreign country 'on the most enlarged principles of reciprocal benefit' as well as 'on terms of most perfect amity with the United States of America.' This bill, which showed the influence of Adam Smith's principles on Pitt's receptive mind, favoured American more than any other foreign trade in the mother country, and favoured it to a still greater extent in the West Indies. Alone among foreigners the Americans were to be ...
— The War With the United States - A Chronicle of 1812 - Volume 14 (of 32) in the series Chronicles of Canada • William Wood
... her clearest founts? Go to Scotland! Are you philosophers, seeking to explore the hidden mysteries of mind? Bend to the genius of Stewart. Student, merchant, or mechanic! do you seek usefulness? Consult the pages of Black and of Adam Smith. Grave barrister! would you know the law, the true, sole expression of the people's will? There stands ...
— Standard Selections • Various
... the disclosure of a skeleton; judge talent at its best and character at its worst; suspect power more than vice,[89] and study problems in preference to periods; for instance: the derivation of Luther, the scientific influence of Bacon, the predecessors of Adam Smith, the mediaeval masters of Rousseau, the consistency of Burke, the identity of the first Whig. Most of this, I suppose, is undisputed, and calls for no enlargement. But the weight of opinion is against me when I exhort ...
— A Lecture on the Study of History • Lord Acton
... to obtain the esteem and applause of the circle in which we move; and the soldier discharged his duty in the hour of danger, in the hope of rendering his life more happy in the esteem of his officers and comrades. 'Every tolerably good soldier feels ', says Adam Smith, 'that he would become the scorn of his companions if he should 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.' So thought the philosopher-King of Prussia, when he let his regiments ...
— Rambles and Recollections of an Indian Official • William Sleeman
... trade which have since been more fully developed, and by which the views of all practical statesmen are, at the present day, directed. The little interest attached by Mr. Fox to the science of Political Economy—so remarkably proved by the fact of his never having read the work of Adam Smith on the subject—is, in some degree, accounted for by the skepticism of the following passage, which occurs in one of his animated speeches on this very question. Mr. Pitt having asserted, in answer to those who ...
— Memoirs of the Life of the Rt. Hon. Richard Brinsley Sheridan V1 • Thomas Moore
... even be called genius. When an idea of exceptional value is given forth, one that is all the greater on account of its simplicity, people seem to be naturally disposed to underrate the power which gave it utterance. Booker Washington may merely be following in the footsteps of Adam Smith when, instead of regarding the negro population as an evil or a grievance, he prescribes that their labour, as a source of vast wealth, be utilised for the national advancement. Viewed from any other standpoint, there can be no doubt that the rapidly-increasing ...
— From Slave to College President - Being the Life Story of Booker T. Washington • Godfrey Holden Pike
... of the material in this Chapter is derived from Milman's History of the Jews, W. Besant and E. H. Palmer's Jerusalem, and George Adam Smith's Historical Geography of the Holy Land, to which my acknowledgments ...
— With the British Army in The Holy Land • Henry Osmond Lock
... ideal, and as to its efficiency as the vastest and most ingenious invention for human progress. We, who have been reared and trained under the individualistic philosophy of the Declaration of Independence and the laisser-faire philosophy of Adam Smith, are loath to see and loath to acknowledge this patent fact of human history. We see the Pharaohs, Caesars, Toussaints and Napoleons of history and forget the vast races of which they were but epitomized expressions. We are apt to think in our ...
— The Conservation of Races - The American Negro Academy. Occasional Papers No. 2 • W. E. Burghardt Du Bois
... book-cases and its cabinets and its variety of learned and philosophical appliances, had much of the genial aspect of a room devoted to hair-cutting. Louisa languidly leaned upon the window looking out, without looking at anything, while young Thomas stood sniffing revengefully at the fire. Adam Smith and Malthus, two younger Gradgrinds, were out at lecture in custody; and little Jane, after manufacturing a good deal of moist pipe-clay on her face with slate-pencil and tears, had fallen ...
— Hard Times • Charles Dickens*
... my dear son—there is lime in this sack, too— nothing but sophistication in this world! I do say it, in spite of Adam Smith and his followers, that a successful author is a productive labourer, and that his works constitute as effectual a part of the public wealth, as that which is created by any other manufacture. If a new commodity, having an actually intrinsic ...
— The Fortunes of Nigel • Sir Walter Scott
... us to be laid down somewhat too broadly by Mr. M'Duffie, as we shall presently state, yet he is supported in his position, to the letter, by Hume, by Mr. Jefferson, and virtually by Adam Smith, if we suppose that from any cause the excess of gold and silver, which causes the depreciation, cannot be exported. They all agree in this, that the amount of money which can circulate, and which does in fact circulate in any country, depends upon the number and value of its ...
— The American Quarterly Review, No. 17, March 1831 • Various
... of the nation's resources in the autumn of 1798. The results he summarized in an interesting statement. There were available at that time only rough estimates, even as to the area of cultivated land and its average rental. Relying upon Davenant, King, Adam Smith, Arthur Young, and Middleton, he estimated the area at 40,000,000 acres, and the average rental at 15s. an acre. He prudently fixed the taxable value at 12s. 6d. an acre. The yearly produce of mines, timber, ...
— William Pitt and the Great War • John Holland Rose
... proprietors of Shetland were first induced about the beginning of the eighteenth century to take the ling fishing into their own hands, supplying their tenants with materials, and receiving the fish at a stipulated rate.* The system which grew up after this change is referred to by Dr. Adam Smith,** and appears to have been in full vigour in at least one part of Shetland but a few years ago. It is thus described by a witness, William Stewart, as it existed till 1862 in Whalsay, where he was a tenant of the late Mr. ...
— Second Shetland Truck System Report • William Guthrie
... to neutralize the misteachings of Adam Smith, of Darwin and Defoe. Smith's "Wealth of Nations" presumed the material debasement of darker peoples of colonial populations, or, in lieu thereof, such debasement of Slav, Serf or Serbian as would compensate the ...
— Kelly Miller's History of the World War for Human Rights • Kelly Miller
... Paris, from hydrophobia, is a sad transition from gay to grave—yet so they stand in the column. A long correspondence on Commercial Policy, Taxation, Finance, and Currency—we leave to the capitalist, the "parliament man," and other disciples of Adam Smith; whilst our eye descends to the right-hand corner, where is recorded the horrible fact of a mother attempting to suffocate her infant at her breast! Humanity sickens at such a pitch of savage crime in the centre of the most refined ...
— The Mirror of Literature, Amusement, and Instruction. - Volume XIII, No. 369, Saturday, May 9, 1829. • Various
... writings of his were published in his lifetime, or have been published since his death. He was in the study of political economy one of the most ingenious and practical thinkers before the days of Adam Smith. ...
— Essays on Mankind and Political Arithmetic • Sir William Petty
... factories, where the division of labour is carried to a considerable extent, are paid for as piece-work. It is difficult to estimate in numbers the effect of this cause upon production. In nail-making, Adam Smith has stated, that it is almost three to one; for, he observes, that a smith accustomed to make nails, but whose whole business has not been that of a nailer, can make only from eight hundred to a thousand per day; whilst a lad who had never exercised any ...
— On the Economy of Machinery and Manufactures • Charles Babbage
... of means for the training up of the youth of the country to perform efficiently all the services required by such a complex community as the modern State. This duty devolves upon the State chiefly for the reason set forth by Adam Smith in his discussion of the functions of government. It is the duty of the sovereign, he declares, to erect and maintain certain "public institutions which it can never be for the interest of any individual to erect and maintain, because the profit could ...
— The Children: Some Educational Problems • Alexander Darroch
... As Dr. Adam Smith observes, "The chairmen, porters, and coal-heavers in London, and those unfortunate women who live by prostitution, the strongest men and the most beautiful women perhaps in the British dominions, are said to be, the greater part of ...
— Travels in China, Containing Descriptions, Observations, and Comparisons, Made and Collected in the Course of a Short Residence at the Imperial Palace of Yuen-Min-Yuen, and on a Subsequent Journey thr • John Barrow
... he had no copyright, except for the mere clothing in which his ideas were placed before the world. The body was common property. So, too, with Bacon and Locke, Leibnitz and Descartes, Franklin, Priestley, and Davy, Quesnay, Turgot, and Adam Smith, Lamarck and Cuvier, and all other men who have aided in carrying science to the point at which it has now arrived. They have had no property in their ideas. If they labored, it was because they had a thirst for knowledge. They could expect ...
— Letters on International Copyright; Second Edition • Henry C. Carey
... below VIII. C2.5) Worthy of Adam Smith. Xenophon has bump of economy strongly developed; he resembles J. P.[*] in that respect. The economic methodism, the mosaic interbedding, the architectonic structure of it all, a part and parcel of Xenophon's genius. Was Alexander's ...
— Cyropaedia - The Education Of Cyrus • Xenophon
... be shortly stated that in the old Protectionist theory, destroyed by Adam Smith, gold was considered to be wealth. Hence, if an individual bought foreign wheat for gold, the English suffered a national loss of wealth, and the foreign nation made a national gain. It is unnecessary to occupy space in refuting this (to us ...
— Speculations from Political Economy • C. B. Clarke
... read a book of antiquated philosophy, and the next day one that was ultra-modern, so that his head would be whirling with the conflict and contradiction of ideas. It was the same with the economists. On the one shelf at the library he found Karl Marx, Ricardo, Adam Smith, and Mill, and the abstruse formulas of the one gave no clew that the ideas of another were obsolete. He was bewildered, and yet he wanted to know. He had become interested, in a day, in economics, industry, and politics. ...
— Martin Eden • Jack London
... philosophy.1 After having served for some years as a minister in the Church of Scotland, Reid became professor of Philosophy at the University of Aberdeen, whence he was called to Glasgow as the successor of Adam Smith. Through his birth in Strachan, Kincardine, he belonged to the same part of Scotland from which Kant's ancestors had come. Two brief remarks of Goethe show that he knew of the Scotsman's philosophy, and that he appreciated his ...
— Man or Matter • Ernst Lehrs
... believe, the correctness of the principle called "Division of labour." But if any one would form an adequate estimate of the ratio of the effect produced, in this way, to the labour which is expended, let him consult Dr. Adam Smith. I think he states, as an example, that a single labourer cannot make more than ten pins in a day; but if eight labourers are employed, and each of them performs one of the eight separate processes requisite to the formation of a pin, there will not merely be eight ...
— Notes and Queries, 1850.12.21 - A Medium of Inter-communication for Literary Men, Artists, - Antiquaries, Genealogists, etc. • Various
... later became Lord Chatham (S538), was one of the warmest friends that America had; but he openly advocated this narrow policy, saying that if British interests demanded it he would not permit the colonists to make so much as a "horseshoe nail." Adam Smith, an eminent English political economist of that day, vehemently condemned the British Government's colonial mercantile system as suicidal; but his condemnation came too late to have any effect. The fact was that the world was not ready then—if indeed it is yet—to receive the ...
— The Leading Facts of English History • D.H. Montgomery
... expensive establishment in Manila, and to direct their principal endeavors to carry into effect the project so imperfectly traced out in the new decree of 1803. The opinion of the most vehement enemies of the privileged bodies tacitly approves this exception in their favor. Adam Smith, avowedly hostile to all monopolies, feels himself compelled to confess that, "without the incentives which exclusive companies offer to the individuals of a nation carrying on little trade, possibly their confined capitals would cease to ...
— The Former Philippines thru Foreign Eyes • Fedor Jagor; Tomas de Comyn; Chas. Wilkes; Rudolf Virchow.
... its territorial, commercial, and industrial situation. The demand for workers in relation to the supply of workers is considerably greater than in Europe. And this truth is known already to every pupil of Adam Smith. ...
— Selected Essays • Karl Marx
... must work yourselves into a fervour of revolt and defiance, before you call in question Paley's declaration that "happiness is equally distributed among all orders of the community". I do not know whether I should wonder most at the cheerful temperament or the complacent optimism of Adam Smith, when he asks, "What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?"[13] When the greatest philosophers talk thus, what is to be expected from the unphilosophic mob? The dependence ...
— Practical Essays • Alexander Bain
... perhaps, been sufficiently indicated, but we may here add a word as to the bearings which certain moot questions in the theory of the subject may have on the methods of teaching. The fundamental theory of economics has, since the days of Adam Smith, been undergoing a process of continuous transition, but the broader concepts never have been more in dispute than in the last quarter century in America. The possibility of such diversity of opinion in the fundamentals ...
— College Teaching - Studies in Methods of Teaching in the College • Paul Klapper
... privileges do within the hierarchy, symbols do for the rank and file. They conserve unity. From the totem pole to the national flag, from the wooden idol to God the Invisible King, from the magic word to some diluted version of Adam Smith or Bentham, symbols have been cherished by leaders, many of whom were themselves unbelievers, because they were focal points where differences merged. The detached observer may scorn the "star-spangled" ritual which ...
— Public Opinion • Walter Lippmann
... then, that by the effect of what Adam Smith calls the higgling of the market, 10 yards of cloth, in both countries, exchange for ...
— Essays on some unsettled Questions of Political Economy • John Stuart Mill
... and have been exploded in other languages. By what misuse of words the doctrine of Protection came to be denominated the "American System," I could never understand. It prevailed in England nearly two hundred years before our separation from the mother country. Adam Smith directed the first formidable attack against it in the very year that our independence was declared. It held its ground in England until it had starved and ruined almost every branch of industry—agriculture, manufactures, and commerce alike.[4] It was not wholly overthrown until ...
— Sophisms of the Protectionists • Frederic Bastiat
... sometimes lie hidden under the winter's snow, and before the spring comes the husbandman may have gone to his rest. It is not every public worker who, like Rowland Hill, sees his great idea bring forth fruit in his lifetime. Adam Smith sowed the seeds of a great social amelioration in that dingy old University of Glasgow, where he so long labored, and laid the foundations of his "Wealth of Nations;" but seventy years passed before his work ...
— How to Get on in the World - A Ladder to Practical Success • Major A.R. Calhoon
... Byron and Thackeray; the home of Newton, Adam Smith, Darwin and Lyell will ever remain a land of honour to educated Germans. Where would it end if I were to count up the heroes of English intellect whose names are written in letters of gold ...
— What Germany Thinks - The War as Germans see it • Thomas F. A. Smith
... the eighteenth century, who flourished as philosopher and moralist when Carey was a youth, taught the principles which he of all others was to apply on their spiritual and most effective side. Adam Smith put his finger on the crime which had darkened and continued till 1834 to shadow the brightness of geographical enterprise in both hemispheres—the treatment of the natives by Europeans whose superiority of force enabled them to commit every sort of injustice in the ...
— The Life of William Carey • George Smith
... he gave to liberal studies and curious researches. His patronage was extended, with prudent generosity, to voyages, travels, experiments, publications. He did little, it is true, towards introducing into India the learning of the West. To make the young natives of Bengal familiar with Milton and Adam Smith, to substitute the geography, astronomy, and surgery of Europe for the dotages of the Brahminical superstition, or for the imperfect science of ancient Greece transfused through Arabian expositions—this was a scheme reserved to crown the beneficent administration of a ...
— Critical and Historical Essays, Volume III (of 3) • Thomas Babington Macaulay
... into German J. B. Say's "Traite D'Economie Politique Pratique" (Leipsic, 1845-46). And although he also translated Adam Smith, he was never able to get beyond the narrow circle of the ordinary bourgeois economic ideas. His "League of Egoists" is only the Utopia of a petty bourgeois in revolt. In this sense one may say he has spoken the last word ...
— Anarchism and Socialism • George Plechanoff
... and others have time and again made the mistake of simplifying human life to a single motive or driving power. Hobbes rested his case on fear; Bain and Sutherland on sympathy; Tarde on imitation; Adam Smith and Bentham on enlightened self-interest. In our own day the Freudians interpret everything as being sexual in its motive. And most recently has come an interpretation of life, as in Bertrand Russell and Helen Marot, in terms of ...
— Human Traits and their Social Significance • Irwin Edman
... variety of the reliefs granted to the taxpayer. It does not seem to have occurred to him that it is the duty of the CHANCELLOR OF THE EXCHEQUER to make the tax simple as well as equitable. Is it conceivable that he can have forgotten ADAM SMITH's famous maxims on the subject, and particularly this: "The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, ...
— Punch, or the London Charivari, Vol. 159, August 4th, 1920 • Various
... contributed much, it was a good colony; if little, its consequence was less. Hence the English legislation throttling colonial manufacturers in the supposed interests of English merchants, and confining colonial trade to English channels. Hence the disregard, persistent and unashamed, of Adam Smith's immortal saying: "To prohibit a great people from making all that they can of every part of their own produce, or from employing their stock and industry in the way that they judge most advantageous to themselves, is ...
— The Story of Newfoundland • Frederick Edwin Smith, Earl of Birkenhead
... country. Where Robespierre was a maniac in foreign policy, Danton was more than a sane—he was a just, and even a diplomatic man. He was fond of wide reading, and his reading was of the philosophers; it ranged from Rabelais to the physiocrats in his own tongue, from Adam Smith to the Essay on Civil Government in that of strangers; and of the Encyclopaedia he possessed all the numbers steadily accumulated. When we consider the time, his fortune, and the obvious personal interest in so small and individual ...
— Hilaire Belloc - The Man and His Work • C. Creighton Mandell
... Were the merchants the leaders of civilization? Were merchants to be permitted to do what they chose in order that they might create wealth for themselves, or even the nation? In a word, was wealth everything? My Adam Smith had said no, and I had already read that. He had classified banks of issue, colonialism, and slavery, as well as some other things as equal parts of a mercantile program. I was, therefore, inclined to dissent from any plan that included any ...
— Children of the Market Place • Edgar Lee Masters
... we visit the house where John Knox, the great Scottish reformer, lived. Close by, in White Horse Close, is the inn where Dr. Johnson lodged in 1773, while in the churchyard hard by are the graves of Adam Smith and Dugald Stewart. It is not possible to feel indifferent to such associations. No grander figure can be found in the history of the Reformation than that of John Knox. His biography reads like a romance. Whether serving a two ...
— Foot-prints of Travel - or, Journeyings in Many Lands • Maturin M. Ballou
... delivery of tallies, pieces of wood notched or scored, corresponding blocks being kept by the parties to the account; and from this usage one of the head officers of the Exchequer was called the tallier, or teller. These tallies were often negotiable; Adam Smith, in his "Wealth of Nations," book ii., ch. xi., says that "in 1696 tallies had been at forty, and fifty, and sixty per cent. discount, and bank-notes at twenty per cent." The system of tallies was discontinued in 1824; ...
— Diary of Samuel Pepys, Complete • Samuel Pepys
... Jupiter Carlyle, from his noble head and imposing person, born in Dumfriesshire; minister of Inveresk, Musselburgh, from 1747 to his death; friend of David Hume, Adam Smith, and Home, the author of "Douglas"; a leader of the Moderate party in the Church of Scotland; left an "Autobiography," which was not published till 1860, which shows its author to have been a man who took things ...
— The Nuttall Encyclopaedia - Being a Concise and Comprehensive Dictionary of General Knowledge • Edited by Rev. James Wood
... secretly in favour of Protection, and the country is rather stirred by the question. Can you, from your knowledge of the contact of curves and nations, help us to determine what course we ought to take with regard to Spain, for example? Are the principles of Adam Smith mathematically correct? ...
— The Romance of Mathematics • P. Hampson
... substituting in their place the most unfavourable he could find. He gave the philosophic circle in Paris exquisite delight by the confirmation which his story furnished of their own foresight, when they had warned him that he was taking a viper to his bosom. Finally, in spite of the advice of Adam Smith, of one of the greatest of men, Turgot, and one of the smallest, Horace Walpole, he published a succinct account of the quarrel, first in French, and then in English. This step was chiefly due to the advice of the clique of whom D'Alembert was the spokesman, though it is due to him to mention ...
— Rousseau - Volumes I. and II. • John Morley
... as a lunatic. Descartes, inflamed by genius, abruptly breaks off all his friendly connexions, hires an obscure house in an unfrequented corner at Paris, and applies himself to study during two years unknown to his acquaintance. Adam Smith, after the publication of his first work, throws himself into a retirement that lasted ten years; even Hume rallied him for separating himself from the world; but the great political inquirer satisfied the world, and his friends, by his great ...
— Curiosities of Literature, Vol. II (of 3) - Edited, With Memoir And Notes, By His Son, The Earl Of Beaconsfield • Isaac D'Israeli
... words are more than a felicitous phrase. They express even more than the creed of a nation. They embody in themselves the uppermost thought of the era that was dawning when they were written. They stand for the same view of society which, in that very year of 1776, Adam Smith put before the world in his immortal "Wealth of Nations" as the "System of Natural Liberty." In this system mankind placed its hopes for over half a century and under it the industrial civilization of the age of machinery rose to the ...
— The Unsolved Riddle of Social Justice • Stephen Leacock
... principal producer of capital. Everybody admitted that the crying want of Ireland was the want of capital; yet here is a Minister, holding in his hands her destinies during a life-and-death struggle for existence, and an ardent disciple of Adam Smith besides, expressing his belief that to expend in useless and even pernicious works the labour of half a million of men was a matter of secondary importance; and because it was, he did not attach any great weight to the objection! It was not, therefore, he said, such an objection ...
— The History of the Great Irish Famine of 1847 (3rd ed.) (1902) - With Notices Of Earlier Irish Famines • John O'Rourke
... great coat, with pockets which might have almost held the two volumes of his folio dictionary; and he carried in his hand a large English oak stick. Let me not be censured for mentioning such minute particulars. Every thing relative to so great a man is worth observing. I remember Dr Adam Smith, in his rhetorical lectures at Glasgow, told us he was glad to know that Milton wore latchets in his shoes, instead of buckles. When I mention the oak stick, it is but letting Hercules have his club; and, by-and-by, my readers ...
— The Journal of a Tour to the Hebrides with Samuel Johnson, LL.D. • James Boswell
... revolting picture of vulgarity, insolence, and licence. The universities are spoken of in terms of disparagement by men of all classes. Lord Chesterfield speaks of the "rust" of Cambridge as something of which a polished man should promptly rid himself. Adam Smith showed his sense of the defects of Oxford in a stern section of the Wealth of Nations, written twenty years after he had left the place. Even youths like Gray and West, fresh from Eton, express themselves with contempt for their respective ...
— Gibbon • James Cotter Morison
... are catholic: Samuel Pepys, immortally shameless; Adam Smith, shaken; Beaumont and Fletcher, in folio as they should always be found; Boswell's Johnson, of course, but Blackstone's "Commentaries" also; Plutarch's "Lives" and Increase Mather's witches; all of Fielding in four stately quarto volumes; Sterne, stained and ...
— Old Valentines - A Love Story • Munson Aldrich Havens
... When Sir George Adam Smith, in his Book of the Twelve Prophets, comes to this great passage in Micah, he prints it in italics right across ...
— A Handful of Stars - Texts That Have Moved Great Minds • Frank W. Boreham
... epoch, the mission of which had been, first through the labors of Greek philosophy, and afterwards through Christianity, to rehabilitate, emancipate, and develop individual man—appears to have concentrated in them, in Fichte, in Adam Smith, and in the French school des drolls de l'homme, its whole energy and power, in order fully to represent and express all that it had achieved for mankind. It was much; but it was not the whole; and therefore it was doomed to pass away. The epoch of individuality was deemed near the goal; when ...
— Literary and Philosophical Essays • Various
... see these verses from an Ode to the Cuckoo written by one of the ministers of Leith in the middle of last century—the palmy days of Edinburgh—who was a friend of Hume and Adam Smith and the whole constellation. The authorship of these beautiful verses has been most truculently fought about; but whoever wrote them (and it seems as if this Logan ...
— The Works of Robert Louis Stevenson - Swanston Edition Vol. 23 (of 25) • Robert Louis Stevenson
... famous apostle of enlightenment and toleration wished that the last king might be strangled with the entrails of the last priest. I would have tried to explain the connection between the doctrine of Adam Smith, that labour is the original source of all wealth, and the conclusion that the producers of wealth virtually compose the nation, by which Sieyes subverted historic France; and to show that Rousseau's definition of the social ...
— The History of Freedom • John Emerich Edward Dalberg-Acton |
