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.

Adam Smith's huge failure was the fact that he did not foresee the industrial revolution.

Adam Smith is misread as being amoral precisely because people don't read his first book, because they don't read 'The Theory of Moral Sentiments.'

Fiscal conservatism is just an easy way to express something that is a bit more difficult, which is that the size and scope of government, and really the size and scope of politics in our lives, has grown uncomfortable, unwieldy, intrusive and inefficient.

Of all the American educational system's problems, none is more severe than the academic year beginning before Labor Day.

Fiscal conservatism is just an easy way to express something that is a bit more difficult, which is that the size and scope of government, and really the size and scope of politics in our lives, has grown uncomfortable, unwieldy, intrusive and inefficient.