Quote by: Adam Smith

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.


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Author Bio


  • NameAdam Smith
  • DescriptionScottish moral philosopher and political economist
  • BornJune 16, 1723
  • DiedJuly 17, 1790
  • CountryKingdom Of Great Britain
  • ProfessionEconomist; Non-fiction Writer; Philosopher
  • WorksThe Theory Of Moral Sentiments
  • AwardsFellow Of The Royal Society