ADAM SMITH

ADAM SMITH ~ AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS ~ 1776

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~ TTWHT-GVIU-HF-LONVIE-A-OTC-TWHTGVIE-HFLONVIU ~ The Things Which Have The – Greatest Value In Use – Have Frequently – Little Or No Value In Exchange – And– On The Contrary – Those Which Have The Greatest Value In Exchange – Have Frequently Little Or No Value In Use

~ NIMUTW-B-IWPSA-SATCBHIEFI ~ Nothing Is More Useful Than Water – But – It Will Purchase Scarce Anything – Scarce Any Thing Can Be Had In Exchange For It

~ AFO-A-NFOP-S-IEAOTW-THB-TVMOTMOM ~ All For Ourselves – And – Nothing For Other People – Seems – In Every Age Of The World – To Have Been – The Vile Maxim Of The Masters Of Mankind

~ NSCSB-F-A-H-OW-TFGPOTMA-P-A-M ~ No Society Can Surely Be – Flourishing – And – Happy – Of Which – The Far Greater Part Of The Members Are – Poor – And – Miserable

~ I-GE-T-PWLI-TC-AI-TP-RFTSOA-F-MOT-SAI-F-TW-B-E-ATE-TAORITN-TEOTOFAA ~ In – Great Empires – The – People Who Live In – The Capital – And In – The Provinces – Remote From The Scene Of Action – Feel – Many Of Them – Scarce Any Inconveniency – From – The War – But – Enjoy – At Their Ease – The Amusement Of Reading In The Newspapers – The Exploits Of Their Own Fleets And Armies

~ O-M-A-M-M-CMO-TBEO-HW-I-RTP-A-T-LTSOTG-BA-HAA-TSNC-TBEOHP-TASWRT-TPEOTOG-TCOOTOOP ~ Our – Merchants – And – Master-Manufacturers – Complain Much Of – The Bad Effects Of – High Wages – In – Raising The Price – And – Thereby – Lessening The Sale Of Their Goods – Both At – Home And Abroad – They Say Nothing Concerning – The Bad Effects Of High Profits – They Are Silent With Regard To – The Pernicious Effects Of Their Own Gains – They Complain Only Of Those Of Other People

~ TSOES-OT-CTTSOTG-ANAP-IPTTRA ~ The Subjects Of Every State – Ought To – Contribute Toward The Support Of The Government – As Nearly As Possible – In Proportion To Their Respective Abilities

ADAM SMITH ~ THEORY OF MORAL SENTIMENTS ~ 1759

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~ V-I-TGS-A-V-TGD-O-HS ~ Virtue – Is – The Great Support – And – Vice – The Great Disturber – Of – Human Society

~ S-H-CSAT-WAAATRT-HAI-OA ~ Society– However – Cannot Subsist Among Those – Who Are At All Times Ready To – Hurt And Injure – One Another

~ BT-R-IU-TSO-T-GROM-A-OAT-MJ-WWFBMOT;IIA-AAU-TSTTFPO-RAW-CBDFR ~ But Though – Reason – Is Undoubtedly – The Source Of – The – General Rules Of Morality – And – Of All The – Moral Judgments – Which We Form By Means Of Them; It Is Altogether – Absurd And Unintelligible – To Suppose That The First Perceptions Of – Right And Wrong – Can Be Derived From Reason

~ TI-H-AS-WSTTAATDB-VAV-AOWTTIUTA-WP-S-IAER-E-T-GF-T-REPAWV ~ There Is – However – Another System – Which Seems To Take Away Altogether The Distinction Between – Vice And Virtue – And Of Which The Tendency Is Upon That Account– Wholly Pernicious – System – In Almost Every Respect – Erroneous – The – Great Fallacy – To – Represent Every Passion As Wholly Vicious

~ TDT-A-A-ATW-TR-A-TP-I-TG-A-MU-CO-TCOOMS ~ This Disposition To – Admire – And– Almost To Worship – The Rich – And – The Powerful – Is– The Great – And – Most Universal – Cause Of – The Corruption Of Our Moral Sentiments