The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
ADAM SMITHThe real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
ADAM SMITHThe real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
ADAM SMITHThe proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
ADAM SMITHAll money is a matter of belief.
ADAM SMITHThe real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.
ADAM SMITHIt is not for its own sake that men desire money, but for the sake of what they can purchase with it.
ADAM SMITHMercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity.
ADAM SMITHMan is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.
ADAM SMITHI have no faith in political arithmetic.
ADAM SMITHThe division of labour was limited by the extent of the market.
ADAM SMITHNobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
ADAM SMITHIt is the highest impertinence and presumption, therefore, in kings and ministers to pretend to watch over the economy of private people, and to restrain their expense. They are themselves, always, and without any exception, the greatest spendthrifts in the society.
ADAM SMITHThe game women play is men.
ADAM SMITHThe learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.
ADAM SMITHThat the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.
ADAM SMITHLabour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
ADAM SMITH