A Quote by Adam Smith

In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly. — © Adam Smith
In public, as well as in private expences, great wealth may, perhaps, frequently be admitted as an apology for great folly.
It is frequently the tragedy of the great artist for example Vincent Van Gogh, as it is of the great scientist, that he frightens the ordinary man. If he is more than a popular story-teller it may take humanity a generation to absorb and grow accustomed to the new geography with which the scientist or artist presents us. Even then, perhaps only the more imaginative and literate may accept him. Subconsciously the genius is feared as an image breaker; frequently he does not accept the opinions of the mass, or man's opinion of himself.
As piety, religion and morality have a happy influence on the minds of men, in their public as well as private transactions, you will not think it unseasonable, although I have frequently done it, to bring to your remembrance the great importance of encouraging our University, town schools, and other seminaries of education, that our children and youth while they are engaged in the pursuit of useful science, may have their minds impressed with a strong sense of the duties they owe to their God.
In the end, it is because the media are driven by the power and wealth of private individuals that they turn private lives into public spectacles. If every private life is now potentially public property, it is because private property has undermined public responsibility.
Now we live in a time where the public and the private are completely fused and there isn't such a great distinction. We know our private lives are constantly made public. With Facebook and Twitter there isn't such a desire, it feels, to keep things private.
Great is Youth--equally great is Old Age--great are Day and Night. Great is Wealth--great is Poverty--great is Expression-great is Silence.
We frequently fall into error and folly, not because the true principles of action are not known, but because for a time they are not remembered; he may, therefore, justly be numbered among the benefactors of mankind who contracts the great rules of life into short sentences that may early be impressed on the memory, and taught by frequent recollection to occur habitually to the mind.
Whoever renders service to many puts himself in line for greatness - great wealth, great return, great satisfaction, great reputation, and great joy.
World War II ended the Great Depression with one of the great public-private industrial collaborations in the history of man.
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
Great love, you believe, carries the seeds of great sorrow. Well, perhaps you are right. Perhaps the wise spurn one to remain safe from the other, but I should rather choose to have my eyes burnt in their sockets than to have been born without.
Magic has power to experience and fathom things which are inaccessible to human reason. For magic is a great secret wisdom, just as reason is a great public folly.
As public schools deteriorate, the upper-middle class and wealthy send their kids to private ones. As public pools and playgrounds decay, the better-off buy memberships in private tennis and swimming clubs. As public hospitals decline, the well-off pay premium rates for private care.
To take offence is a great folly, and to give offence is a great folly - I know not which is the greater.
Lampis the ship owner, on being asked how he acquired his great wealth, replied, My great wealth was acquired with no difficulty, but my small wealth, my first gains, with much labor.
Everybody has a public life, and they have their own private life. Everybody has their secrets. Everybody has their own private, you know, agonies as well as joys. And that's what great drama, whether it's the movies or the theater, that's what it shows.
Children who wish to become good and great men or good and noble women, should try to know well all the people whom they meet. Thus they will find that there is no one who has not much of good; and when they see some great folly, or some meanness, or some cowardice, or some fault or weakness in another person, they should examine themselves carefully. Then they will see that, perhaps, they too have some of the same fault in themselves - although perhaps it does not come out in the same way - and then they must try to conquer that fault.
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