Adam Smith — "The desire of food is not to be gratified in order to obtain wealth, but the des…"
The desire of food is not to be gratified in order to obtain wealth, but the desire of wealth in order to gratify the desire of food.
The desire of food is not to be gratified in order to obtain wealth, but the desire of wealth in order to gratify the desire of food.
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"The invisible hand is not a magical force, but a metaphor for the unintended social benefits of individual self-interested actions."
"The consideration of our own private interest is the great source of our industry and activity."
"The value of any commodity, therefore, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour whic…"
"The first duty of the sovereign, therefore, is that of protecting the society from the violence and invasion of other independent societies."
"Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which h…"
Lectures on Justice, Police, Revenue and Arms, Part I, Introduction
Date: 1762-1763
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