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Adam Smith Quotes: When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.
         

When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.


Adam Smith
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Other quotes of Adam Smith


No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.



It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.



The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.



Mercy to the guilty is cruelty to the innocent.

Mercy to the guilty is cruelty to the innocent.



The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.



What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?

What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?



A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.



Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.



On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.



People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.





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What you don't know can make you fail! Perhaps the only reason why you are where you are is that, you've not known what you have to know... Go, learn and take the lead!

What you don't know can make you fail! Perhaps the only reason why you are where you are is that, you've not known what you have to know... Go, learn and take the lead!



Most of the time, communication gets confused with conversation. In fact, the two are distinctly different.

Most of the time, communication gets confused with conversation. In fact, the two are distinctly different.



I must create a system or be enslaved by another man's. I will not reason and compare My business is to create.

I must create a system or be enslaved by another man's. I will not reason and compare My business is to create.



I love the short-haired lifestyle.

I love the short-haired lifestyle.



The avant-garde poet or artist tries in effect to imitate God by creating something valid solely on its own terms.

The avant-garde poet or artist tries in effect to imitate God by creating something valid solely on its own terms.



Maniacs of Procreation, bipeds with devalued faces, we have lost all appeal for each other.

Maniacs of Procreation, bipeds with devalued faces, we have lost all appeal for each other.



When it works, anticipation is far more fulfilling than surprise, because we are reminded that a sunrise is precisely as magnificent as it is inevitable.

When it works, anticipation is far more fulfilling than surprise, because we are reminded that a sunrise is precisely as magnificent as it is inevitable.



With time and patience, the mulberry leaf becomes satin.

With time and patience, the mulberry leaf becomes satin.



We're taught as young kids Acknowledge your mistakes, admit your lies, ... It's cathartic. That's what I think the speech did. He didn't just try to blame someone else.

We're taught as young kids Acknowledge your mistakes, admit your lies, ... It's cathartic. That's what I think the speech did. He didn't just try to blame someone else.



What a man does defiles him, not what is done by others.

What a man does defiles him, not what is done by others.




Quote Description


This page presents the quote "When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.". Author of this quote is Adam Smith. This quote is about trade, ordinary, profit, errors, greater, trading,.