Labour 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 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.
More Adam Smith Quotes
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Man, an animal that makes bargains.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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An English university is a sanctuary in which exploded systems and obsolete prejudices find shelter and protection after they have been . Hunted out of every corner of the world.
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What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.
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Defense is superior to opulence.
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What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?
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The man scarce lives who is not more credulous than he ought to be. The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.
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Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens.
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I have no great faith in political arithmetic, and I mean not to warrant the exactness of either of these computations.
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On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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He is led by an invisible hand to promote an end which was no part of his intention.
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Corn is a necessary, silver is only a superfluity.
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It is not for its own sake that men desire money, but for the sake of what they can purchase with it.
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The 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 SMITH