Adam Smith Quote:

Posted: January 5, 2010 | Author: | Filed under: Favorite Quotes, Free markets, Law, Legal Systems, Regulation | Leave a comment »

“That system of laws, therefore, which is connected with the establishment of the bounty, seems to deserve no part of the praise which has been bestowed upon it…The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle,that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations; though the effect of these obstructions is always more or less either to encroach upon its freedom, or to diminish its security.”  Book 5, Chapter 5

Follow

Get every new post delivered to your Inbox.