Tag Archive: Adam Smith


Daily Quote 10.11.14

Adam Smith

 

 

” I have never known much good done by those who affected to trade for the public good. “

 

 

 

 

 

 

 

 

 

 

Daily Quote 6.22.14

Adam Smith

 

 

” Beneficence is always free, it cannot be extorted by force.”

 

 

 

 

 

 

 

 

 

 

 

Daily Quote 5.5.14

Adam Smith

 

adam-smith-6

 

” Beneficence is always free, it cannot be extorted by force.”

 

 

 

 

 

 

 

 

 

 

 

 

Daily Quote 1.5.13

Adam Smith

 

 

” Every man is, no doubt, by nature, first and principally recommended to his own care; and as he is fitter to take care of himself than of any other person, it is fit and right that it should be so.”

 

 

 

 

 

 

 

 

Daily Quote 11.24.13

Adam Smith

 

 

 

” By pursuing his own interest [every individual] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”

 

 

 

 

 

 

 

 

 

Video 5 Of 60 From The Course: International Trade

 

 

 

 

” What are the benefits of product variety and how does trade affect variety? This video takes a closer look at how trade leads to variety for the consumer and higher productivity for the producer, too. This video also explains why consumers and producers can’t have exactly what they desire in a good by examining the trade-off between variety and average cost. You’ll also learn how the market manages the trade-off between variety and average cost via theories of monopolistic competition. “

 

 

    Check out Marginal Revolution for a wide variety of online courses to educate yourself in matters of economics , property rights , foreign policy , media , finance and much much more . You’ll be glad that you did .

 

 

 

 

 

 

 

13 Genius Quotes On Free Market Economics

 

” The free market economy has been taken for granted by the American people as the dynamic generator of the nation’s vast wealth. Our capitalistic economy is currently being “fundamentally transformed” into a central government-dominated system, threatening the vibrance that has made America the land of opportunity. The following ‘thirteen genius quotes’ display the moral underpinnings of the market economy and dispel some common misconceptions. “

 

 

 

Here is a Sample : Click the headline to read them all .

 

 ” “All other persons and groups in society (except for acknowledged and sporadic criminals such as thieves and bank robbers) obtain their income voluntarily: either by selling goods and services to the consuming public, or by voluntary gift (e.g., membership in a club or association, bequest, or inheritance). Only the State obtains its revenue by coercion, by threatening dire penalties should the income not be forthcoming. That coercion is known as ‘taxation,’ although in less regularized epochs it was often known as ‘tribute.’ Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match.” — Murray Rothbard

 

 

 

 

 

 

 

 

 

Quote of the Day

Adam Smith

 

  ” Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.”