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Adam Smith Quotes about Purpose

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Consumption is the sole end and purpose of all production.

Consumption is the sole end and purpose of all production.

Adam Smith
Purpose, Ends, Sole
1776 An Inquiry into the Nature and Causes of the Wealth of Nations, bk.4, ch.8.

Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.

Adam Smith
Purpose, Economics, Purchasing
Adam Smith (1843). “An Inquiry Into the Nature and Causes of the Wealth of Nations With a Life of the Author: Also a View of the Doctrine of Smith, Compared with that of the French Economists, with a Method of Facilitating the Study of His Works, from the French of M. Jariner”, p.177

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. The maxim is so perfectly self-evident that it would be absurd to attempt to prove it. But in the mercantile system the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.

Adam Smith
Self, Purpose, May
Adam Smith (1827). “An Inquiry Into the Nature and Causes of the Wealth of Nations”, p.274

Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.

Adam Smith
Purpose, May, Ends
'Wealth of Nations' (1776) bk. 4, ch. 8

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