Wherever there is great property, there is great inequality.
Meaning
In Book V Smith notes that large fortunes create large gaps, and that governments exist partly to protect property. The idea invites honest reflection: if you build wealth, consider how your choices as an employer, buyer or giver affect those with much less.
Source: The Wealth of Nations (1776)
About the author
(1723–1790) was a Scottish economist and philosopher often regarded as the father of modern economics. His seminal work, "The Wealth of Nations," laid the foundation for classical economics and introduced key concepts such as the division of labor and the invisible hand of the market. Smith argued that individuals pursuing their own self-interest could unintentionally benefit society as a whole. His ideas have had a lasting impact on economic theory, policy, and global trade systems. In addition to economics, Smith also explored moral philosophy, emphasizing sympathy and ethical behavior. His contributions continue to shape economic thinking and debates around capitalism and free markets.
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