“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice”
— Adam Smith
Simplified Meaning:
A state can become very rich and successful even if it starts from a very poor and chaotic condition, as long as there is peace, low taxes, and fair justice.
Related tags
Administration Civilization Development Economics Governance Justice Peace Society Taxation WealthFEATURED QUOTES