tumblr share facebook share pinterest share twitter share
share this page



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.

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 Smith  Adam Smith
Tags: People  Rich  Enjoyment  Parade  Riches 

  0   website font website font pinterest share twitter share  

Author introduction

Adam Smith FRSA (16 June [O.S. 5 June] 1723[3] – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment,[4] also known as ''The Father of Economics''[5] or ''The Father of Capitalism''.[6] Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage.[7]

Quotes from the same author


previous quote group                next quote group



Poor David Hume is dying fast, but with more real cheerfulness and good humor and with more real resignation to the necessary course of things, than any whining Christian ever dyed with pretended resignation to the will of God.

    Adam Smith  Adam Smith   
 Tags: Good Humor God Christian Dying Will
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


Resentment seems to have been given us by nature for a defense, and for a defense only! It is the safeguard of justice and the security of innocence.

    Adam Smith  Adam Smith   
 Tags: Nature Justice Security Innocence Us
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

    Adam Smith  Adam Smith   
 Tags: Finance Men Truck Animals Race
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


Labor was the first price, the original purchase - money that was paid for all things.

    Adam Smith  Adam Smith   
 Tags: Money Labor Price First Original
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.

    Adam Smith  Adam Smith   
 Tags: Detail Generation Changes Doing
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


Defense is superior to opulence.

    Adam Smith  Adam Smith   
 Tags: Superior Defense Opulence
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer your approach to this certainty.

    Adam Smith  Adam Smith   
 Tags: Adventure Science Lose You Lottery
 Topics:
  0   facebook share tumblr share twitter share pinterest share  


With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.

    Adam Smith  Adam Smith   
 Tags: People Rich Enjoyment Parade Riches
 Topics:
  0   facebook share tumblr share twitter share pinterest share  
previous quote group                next quote group

Related Author


previous author group                next author group




terms of service
contact us
about us
privacy policy

lithub.com
electricliterature.com
goodreads

© 2023 quotespace.org All Rights Reserved.