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.
Wealth of Nations, capitalism
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.
Wealth of Nations, capitalism
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"The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives."
Controversial"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
Controversial"The third and last duty of the sovereign or commonwealth is that of erecting and maintaining those public institutions and those public works, which, though they may be in the highest degree advantage…"
Humorous"The desire of appearing to be wealthy, may be called the great motive to industry and frugality, and the great cause of the accumulation of capital."
Humorous"The price of monopoly is upon every occasion the highest which can be got."
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