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ADAM SMITH : Economic Theory Legend



"Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty."

"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce."

"Defense is superior to opulence."

"Humanity is the virtue of a woman, generosity that of a man."

"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased."

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

"Science is the great antidote to the poison of enthusiasm and superstition."

"The robot is going to lose. Not by much. But when the final score is tallied, flesh and blood is going to beat the damn monster."

"The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation."

"This is one of those cases in which the imagination is baffled by the facts."

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






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