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Adam Smith Quotes: The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
         

The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.


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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I don't know that on-demand sports is remarkably better than live sports.

I don't know that on-demand sports is remarkably better than live sports.



I never scrimmage Oilers against Oilers...What for? Houston isn't on our schedule.

I never scrimmage Oilers against Oilers...What for? Houston isn't on our schedule.



Ninety percent of the buildings we live in and around aren't architecture. No, that's not right - 98 percent.

Ninety percent of the buildings we live in and around aren't architecture. No, that's not right - 98 percent.



A beautiful and chaste woman is the perfect workmanship of God, and the true glory of angels, the rare miracle of earth, and the sole wonder of the world.

A beautiful and chaste woman is the perfect workmanship of God, and the true glory of angels, the rare miracle of earth, and the sole wonder of the world.



The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.

The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.



One of the many sad results of the Industrial Revolution was that we came to depend more than ever on the intellect, and to ignore the intuition with its symbolic thinking.

One of the many sad results of the Industrial Revolution was that we came to depend more than ever on the intellect, and to ignore the intuition with its symbolic thinking.



It's better to do it than to talk about how perfect it could be.

It's better to do it than to talk about how perfect it could be.



Without contraries there is no progression.

Without contraries there is no progression.




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This page presents the quote "The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.". Author of this quote is Adam Smith. This quote is about poor, rich, country, ruins, profit, highest, rate,.