What Adam Smith thinks about inflation

@adam-smith · 27 positions · On ppll ↗

Scottish moral philosopher and economist (1723 to 1790); held the chair of moral philosophy at Glasgow University from 1752 to 1764; author of The Wealth of Nations.

Adam Smith did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

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Only Adam Smith on inflation. See everyone on inflation

1 dated position, 1776, in their own words. Our reading of what Adam Smith has said — not written or endorsed by them.

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1. 9 Mar 1776

   Our readingWhen people in the same trade meet, the talk usually turns to conspiring against the public or raising prices

   Their wordsPeople of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

   ↗An Inquiry into the Nature and Causes of the Wealth of Nationsgutenberg.org All 7 from this book