Finance quote by Adam Smith

Mobile Desktop
All money is a matter of belief
Like

"All money is a matter of belief"

- Adam Smith

About this Quote

Adam Smith's quote "All cash refers belief" is a reflection of his belief that money is a social construct. Cash is not a physical object, however rather a representation of value. Money is just valuable since individuals believe it is. Without this belief, cash would be useless. This quote is a pointer that money is not an outright, but rather an idea that is based on the cumulative belief of society. Cash is a tool that is used to facilitate the exchange of goods and services, and its worth is identified by the trust that people have in it. Money is a powerful force in our lives, and it is necessary to bear in mind that its worth is based on the collective belief of society.

About the Author

Adam Smith This quote is written / told by Adam Smith between June 5, 1723 and July 17, 1790. He was a famous Economist from Scotland, the quote is categorized under the topic Finance. The author also have 29 other quotes.

Go to author profile

Similar Quotes

Small: Prestige is the shadow of money and power - C. Wright Mills
C. Wright Mills
"Prestige is the shadow of money and power"
C. Wright Mills, Sociologist
Small: A bank is a place that will lend you money if you can prove that you dont need it - Bob Hope
Bob Hope
"A bank is a place that will lend you money if you can prove that you don't need it"
Bob Hope, Comedian
Small: You cant get rid of poverty by giving people money - P. J. ORourke
P. J. O'Rourke
"You can't get rid of poverty by giving people money"
P. J. O'Rourke, Journalist
Small: Economy does not lie in sparing money, but in spending it wisely - Thomas Huxley
Thomas Huxley
"Economy does not lie in sparing money, but in spending it wisely"
Thomas Huxley, Scientist
Small: Given the choice, children who dont want for anything will not save... We have an obligation as parents to giv
Barbara Coloroso
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
Barbara Coloroso, Author
Small: Success isnt about how much money you make its about the difference you make in peoples lives - Jordan Belfort
Jordan Belfort
"Success isn't about how much money you make; it's about the difference you make in people's lives"
Jordan Belfort, Author
Small: I dont understand the whole dating thing. I know right off the bat if Im interested in someone, and I dont wan
Britney Spears
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"
Britney Spears, Musician
Small: Remember that credit is money - Benjamin Franklin
Benjamin Franklin
"Remember that credit is money"
Benjamin Franklin, Politician
Small: Money often costs too much - Ralph Waldo Emerson
Ralph Waldo Emerson
"Money often costs too much"
Ralph Waldo Emerson, Philosopher
Small: Id like to live as a poor man with lots of money - Pablo Picasso
Pablo Picasso
"I'd like to live as a poor man with lots of money"
Pablo Picasso, Artist