The Adam Smith Chair of Political Economy is a chair at the University of Glasgow, named for Adam Smith, pioneering economist, author of The Wealth of Nations, and one of the University's most famous sons. It was established in 1896 from a lectureship which had been endowed in 1892 by Andrew Stewart, founder of Stewarts & Lloyds tube-manufacturers. Occupants are appointed by the University Court acting with a representative of the Merchants' House of Glasgow, the Trades House of Glasgow and the Chamber of Commerce of Glasgow.
Read more about Adam Smith Chair Of Political Economy: History, Adam Smith Professors of Political Economy
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“The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.”
—Adam Smith (1723–1790)
“Cannons and fire-arms are cruel and damnable machines; I believe them to have been the direct suggestion of the Devil. If Adam had seen in a vision the horrible instruments his children were to invent, he would have died of grief.”
—Martin Luther (1483–1546)
“For men tied fast to the absolute, bled of their differences, drained of their dreams by authoritarian leeches until nothing but pulp is left, become a massive, sick Thing whose sheer weight is used ruthlessly by ambitious men. Here is the real enemy of the people: our own selves dehumanized into “the masses.” And where is the David who can slay this giant?”
—Lillian Smith (1897–1966)
““Peace, woman,” Mr. Crawley said, addressing her at last. The bishop jumped out of his chair at hearing the wife of his bosom called a woman. But he jumped rather in admiration than in anger.”
—Anthony Trollope (1815–1882)
“It is certainly safe, in view of the movement to the right of intellectuals and political thinkers, to pronounce the brain death of socialism.”
—Norman Tebbit (b. 1931)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)