Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.
Adam SmithRead
What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
Interpretation
What this quote means
Prudence, or cautiousness, in financial and resource management is essential for both families and nations.
In this quote, Adam Smith emphasizes that the principles of prudence—careful management and decision-making—should be applied not only to the affairs of individual families but also to the governance of larger entities such as nations. The implication is that sound judgment and caution are virtues that contribute to the prosperity of all levels of society.
Themes
PrudenceFamilyKingdomManagementCaution
In practice
Example use cases
During a lecture on economic policies, one might quote this to emphasize the importance of careful fiscal planning.
More from Adam Smith
All quotes →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.
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Wherever there is great property, there is great inequality.
Adam SmithRead
This is one of those cases in which the imagination is baffled by the facts.
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The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Adam SmithRead
Defense is superior to opulence.
Adam SmithRead
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