A Quote by Adam Smith

It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.

Adam Smith

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Adam Smith
Scottish - Economist
June 5, 1723 - July 17, 1790

A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.

Adam Smith

Our rulers will best promote the improvement of the nation by strictly confining themselves to their own legitimate duties, by leaving capital to find its most lucrative course, commodities their fair price, industry and intelligence their natural reward, idleness and folly their natural punishment, by maintaining peace, by defending property, by diminishing the price of law, and by observing strict economy in every department of the state. Let the Government do this: the People will assuredly do the rest.

Thomas B. Macaulay

A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

David Ricardo

But what all the violence of the feudal institutions could never have effected, the silent and insensible operation of foreign commerce and manufactures gradually brought about.

Adam Smith

The physicians belief in the treatment and the patients faith in the physician exert a mutually reinforcing effect; the result is a powerful remedy that is almost guaranteed to produce an improvement and sometimes a cure

Petr Skrabanek

LABOUR, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, on with another, to subsist and to perpetuate their race, without either increase or diminution.

David Ricardo

The need to congregate workers in offices will gradually diminish.

Ray Kurzweil

Real love, after all, was worth the price you paid, however briefly it might last.

Alice Hoffman

The habit of dwelling on the past, has a narrowing as well as a debilitating influence. Behind us, there is a small, - an almost insignificant measure of time; before us, there is an eternity. It is the natural tendency of the mind to magnify the one, and to diminish the other.

Harriet Martineau

True grace is natural, not artificial, because, however strenuously you strive to gain it, when it is gained it never gives the impression of effort or straining for effect.

Frederic Dan Huntington

One of the industries we follow very closely is the trucking industry. They would love if today there was an option for them to run their fleets on natural gas, because of the price disparity between oil and refined diesel - which they almost exclusively run on now - and natural gas.

Warren Stephens

At the present moment the people of England are only three-quarters fed, and the result of this improvement in the export of our manufactures would be, that they would be entirely fed.

Joseph Hume

The only distinct meaning of the word "natural" is stated, fixed, or settled; since what is natural as much requires and presupposes an intelligent agent to render it so, i.e. to effect it continually or at stated times, as what is supernatural or miraculous does to effect it for once.

Joseph Butler

A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.

David Ricardo

The effusions of genius are entitled to admiration rather than applause, as they are chiefly the effect of natural endowment, and sometimes appear to be almost involuntary.

William Benton Clulow

One can only repeat about air warfare: we are in a position of almost hopeless inferiority and must grin and bear it as we take the blows from the English and the Americans. [Germans in the bombed cities] are gradually beginning to lose their courage. Hell like that is hard to bear for any length of time, especially since the inhabitants along the Rhine and Ruhr see no prospect of improvement.

Joseph Goebbels

A Quote by Adam Smith

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