Quote of the Day, 1-15-09

“Whenever the legislature attempts to regulate the differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favour of the workmen, it is always just and equitable; but it is sometimes otherwise when in favour of the masters.” -Adam Smith, The Wealth of Nations

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Quote of the Day, 1-14-09

“What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” -Adam Smith

Quote of the Day, 1-13-09

“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.” -Adam Smith, The Wealth of Nations

Quote of the Day, 1-12-09

“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.” -Adam Smith, The Wealth of Nations

Quote of the Day, 1-8-2009

“In the long run, we’re all dead.” -John Maynard Keynes

Quote of the Day, 12-4-08

“An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.”- Nicholas Chamfort

(H/T TMV)