All ADAM SMITH Quotes about “Trade”

“When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.”
“Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.”
“To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should never be established in it.”
“Secrets in manufactures are capable of being longer kept than secrets in trade.”

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