The Wealth of Nations
Smith, Adam. 2003. The Wealth of Nations. Bantam Classics.
- Online at: http://www.gutenberg.org/files/3300/3300-h/3300-h.htm
- Online at: http://www.econlib.org/library/Smith/smWN.html
- Online at: http://www.marxists.org/reference/archive/smith-adam/works/wealth-of-nations/
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The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can serve only to enable the dealers, by raising their profits above what they naturally would be, to levy, for their own benefit, an absurd tax upon the rest of their fellow-citizens. The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
Adam Smith, "The Wealth of NationsThe Wealth of Nations", last sentences in conclusion of Book 1.
The pride of man makes him love to domineer, and nothing mortifies him so much as to be obliged to condescend to persuade his inferiors. Wherever the law allows it, and the nature of the work can afford it, therefore, he will generally prefer the service of slaves to that of freemen.
Adam Smith, "The Wealth of NationsThe Wealth of Nations" III.2.10