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Ask any rich man of common prudence to which of the two…

“Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.” quote by Adam Smith
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“Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.”

Adam Smith

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

People tend to favor those who use resources wisely over those who waste them, and they often dismiss questions about such preferences.

In simple terms: People prefer prudent spenders over wasteful ones.

Key Takeaway

Recognize the value of prudent investment.

Themes

economics human behavior wealth prudence

Mood

analytical critical

Type

observational philosophical

When to use this quote

  • business decisions
  • personal finance
  • policy making
  • charitable giving

Key Concepts

resource allocation social judgment

Questions to Reflect On

  • How do you define "profitably" use?
  • What biases affect judgments of spending?
A Different Perspective

Assumes all "prudent" uses are equally beneficial.

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