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Adam Smith Quotes: That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
         

That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.


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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Man persists in waywardness. If one institution fails [he says], try another—anything but God’s plan.

Man persists in waywardness. If one institution fails [he says], try another—anything but God’s plan.



I wouldn't touch Chimbonda with a barn door

I wouldn't touch Chimbonda with a barn door



The bottom line is that female writers aren't being given enough opportunities by male producers.

The bottom line is that female writers aren't being given enough opportunities by male producers.



I thought, If people are going to write about what I'm wearing, then I would wear young British designers who need the publicity.

I thought, If people are going to write about what I'm wearing, then I would wear young British designers who need the publicity.



I didn’t realize that pretending to be this ‘Hills Heidi,’ this spoiled rich girl who I wasn’t, would almost destroy me.

I didn’t realize that pretending to be this ‘Hills Heidi,’ this spoiled rich girl who I wasn’t, would almost destroy me.



Donald Trump thinks belittling women makes him bigger. We need to stand up and be clear that we don't want this, we need to celebrate diversity. America is great because America is good.

Donald Trump thinks belittling women makes him bigger. We need to stand up and be clear that we don't want this, we need to celebrate diversity. America is great because America is good.



. . . he felt himself entering a moment so real he could only run toward it, shouting.

. . . he felt himself entering a moment so real he could only run toward it, shouting.



Guide dogs for the blind. It's cruel really, isn't it? Getting a dog to lead a man round all day. Not fair on either of them.

Guide dogs for the blind. It's cruel really, isn't it? Getting a dog to lead a man round all day. Not fair on either of them.




Quote Description


This page presents the quote "That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.". Author of this quote is Adam Smith. This quote is about success, may, chance, universal, gains,.