The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches: ambition, that between a private and a public station: vain-glory, that between obscurity and extensive reputation. The person under the influence of any of those extravagant passions, is not only miserable in his actual situation, but is often disposed to disturb the peace of society, in order to arrive at that which he so foolishly admires. The slightest observation, however, might satisfy him, that, in all the ordinary situations of human life, a well-disposed mind may be equally calm, equally cheerful, and equally contented. Some of those situations may, no doubt, deserve to be preferred to others: but none of them can deserve to be pursued with that passionate ardour which drives us to violate the rules either of prudence or of justice; or to corrupt the future tranquillity of our minds, either by shame from the remembrance of our own folly, or by remorse from the horror of our own injustice.
(The Theory of Moral Sentiments, 1759)

Adam Smith

All Quotations by Adam Smith

Select Adam Smith Quotations

Mercy to the guilty is cruelty to the innocent.

Adam Smith (The Theory of Moral Sentiments, 1759)

The landlords, like all other men, love to reap where they never sowed.

Adam Smith (The Wealth of Nations - Book I, 1776)

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

Adam Smith (The Wealth of Nations, 1776)

All Adam Smith Quotes