The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an individual, makes it fall light and easy upon the whole society.


Chapter I, Part III, p. 821. - The Wealth of Nations (1776) - Book V

Adam Smith Quotes

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an...

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an...

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an...

The trade of insurance gives great security to the fortunes of private people, and by dividing among a great many that loss which would ruin an...