Administration Quote by Adam Smith
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.”
About This Quote
Source Book: The Wealth of Nations, 1776
Peace, low taxes, and fair justice are essential for a state to achieve opulence, while other factors follow naturally.
In simple terms: Peace, low taxes, and justice enable prosperity.
Key Takeaway
Promote stability and fairness for wealth.
Themes
governance
economics
justice
prosperity
Mood
thoughtful
pragmatic
Type
economic
political
When to use this quote
- tax reform
- peacebuilding
- judicial reform
- economic development
Key Concepts
classical economics
social contract
Questions to Reflect On
- How does justice affect economic growth?
- What policies ensure low taxes without harming services?
A Different Perspective
Ignores cultural and technological influences.
