5 Quotes by Adam Smith about business

  • Author Adam Smith
  • Quote

    In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.

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  • Author Adam Smith
  • Quote

    The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order ... ought never to be adopted, till after having been long and carefully examined ... with the most suspicious attention. It comes from an order of men ... who have generally an interest to deceive and even oppress the public

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  • Author Adam Smith
  • Quote

    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.

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  • Author Adam Smith
  • Quote

    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.

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  • Author Adam Smith
  • Quote

    The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

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