Adam Quote by P. J. O'Rourke
“Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.”
About This Quote
Source Book: The Wealth of Nations, 1776
Prosperity stems from personal freedom, specialized work, and open trade.
In simple terms: Freedom, specialization, trade boost wealth.
Embrace liberty, specialize, trade freely.
Themes
Mood
Type
When to use this quote
- business growth
- policy making
- entrepreneurship
- international relations
- education reform
Key Concepts
Questions to Reflect On
- How can we balance free trade with equity?
- What policies protect workers in specialized economies?
Overemphasis on trade can ignore social inequality.