Adam Smith Quotes


Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.


Citations

Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. Vol. 2, W. Strahan and T. Cadell, 1776, p. 320.

Related Quotes

The younger Kennedy, as Counsel to a Senate Investigating Committee, had made it his mission to show the infiltration and connection of Hoffa and his Teamsters' Union and organized crime. Despite his relentless questioning and investigation, Robert Kennedy was unable to prove and criminal connections and Hoffa denied that the ever existed. But with RFK as Attorney General, many thought Hoffa would be relentlessly persecuted and that he would be worried. But he never appeared so, and the Attorney General was not able to pin anything on Hoffa.


Adam Smith
Adam Smith
  • Born: June 16, 1723
  • Died: July 17, 1790
  • Nationality: Scottish
  • Profession: Economist

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.