Adam Smith Quotes
It is from his labor alone that man can draw the necessaries, the conveniences, the amusements of human life, from the materials which nature has placed around him
Adam Smith, 1723-1790, Scottish Political Economist, The Wealth of Nations
Sourced by: Eigen's Political and Historical Quotations
For hundreds of years most people of the world believed this. In the latter half of the 20th century, however, a very small nation, Israel, not only defended itself against nations many times their size but did so against the attacks of all of them together. The Israelis became so powerful that many in the world began to rethink the Gervaise principle and placed more value on the educational and technological competence of a nation. Modern technology eliminated the criticality of population size.
Adam Smith FRSA was a Scottish economist, philosopher as well as a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism''. Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage.
