Adam Smith on economics

A gardener who cultivates his own garden with his own hands, united in his own person the three different characters, of landlord, farmer, and labourer. His produce, therefore, should pay him the rent of the first, the profit of the second, and the wages of the third.

If a nation could not prosper without the enjoyment of perfect liberty and perfect justice, there is not in the world a nation which could ever have prospered.

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 self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own neccessities but of their advantages.

A national debt, if it is not excessive, will be to us a national blessing.

Alexander Hamilton1757–1804Letter to Robert Morris (30 April 1781)

Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman1912–2006Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, 2002 edition, page 15

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Too much capitalism does not mean too many capitalists, but too few capitalists.

G. K. Chesterton1874–1936The Uses of Diversity