A Quote by Thomas Malthus

Where are we to look for the consumption required but among the unproductive labourers of Adam Smith?. — © Thomas Malthus
Where are we to look for the consumption required but among the unproductive labourers of Adam Smith?.
All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce.
It is quite possible that future generations will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith's argument about joint stock companies which, also, were simply false.
In an ideal world, Adam Smith-like, individuals would recognize what they need to do in their own self-interest, and they will make changes happen and look after themselves.
You don't have favorites among your offspring, and you don't among the artists you're involved with, but clearly among my most favorite was Patti Smith.
The novelist is required to open his eyes on the world around him and look. If what he sees is not highly edifying, he is still required to look. Then he is required to reproduce, with words, what he sees.
In the kingdom of consumption the citizen is king. A democratic monarchy: equality before consumption, fraternity in consumption, and freedom through consumption.
What America needs is not Robin Hood but Adam Smith.
The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
I am a believer in Adam Smith, who says that if you look at something that really contributes value to society, and you can deliver it at a reasonable price, then society will recognise that at some point because rational behaviour will come into play.
Let's take Adam Smith, the patron-saint of capitalism, what did he think? He thought the main human instinct was sympathy. In fact, take a look at the word "invisible hand." Which, of course, you learned about, or you think you've learned about. Take a look at the actual way in which he used the phrase. There is almost no relation to what is claimed.
If some individuals contribute to general social deterioration by overproducing children, and if the need is compelling, they can be required by law to exercise reproductive responsibility — just as they can be required to exercise responsibility in their resource-consumption patterns — providing they are not denied equal protection
Adam Smith's huge failure was the fact that he did not foresee the industrial revolution.
There is a lot in Adam Smith that reflects the insights of Rousseau and anticipates those of Marx.
When Adam Smith was being incomprehensible, he didn't have the luxury of brief, snappy technical terms as a shorthand for incoherence.
Adam wasn't certain what came first with Blue--her treating the boys as friends, or them all becoming friends. It seemed to Adam that this circular way to build relationships required a healthy amount of self-confidence to undertake. And it was a strange sort of magic that it felt like she'd always been hunting for Glendower with them.
It is important to remember when reading Adam Smith or even when just thinking about Smith that the era that he lived in, we're not talking about poverty in a day when it meant not enough bedrooms for the kids, an old car, a black and white television. We're talking about a whole world where poverty meant not enough to eat.
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