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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
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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Employment
Frauds
Customers
Workman
Economics
Effectual
Discipline
Negligence
Losing
Workmen
Fear
Exercised
Real
Hype
Restrains
Fraud
Corrects
More quotes by Adam Smith
The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.
Adam Smith
Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
Adam Smith
Man, an animal that makes bargains.
Adam Smith
An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
Adam Smith
The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Adam Smith
It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
Adam Smith
The mob, when they are gazing at a dancer on the slack rope, naturally writhe and twist and balance their own bodies, as they see him do.
Adam Smith
No complaint... is more common than that of a scarcity of money.
Adam Smith
In every part of the universe we observe means adjusted with the nicest artifice to the ends which they are intended to produce and in the mechanism of a plant, or animal body, admire how every thing is contrived for advancing the two great purposes of nature, the support of the individual, and the propagation of the species.
Adam Smith
When we have read a book or poem so often that we can no longer find any amusement in reading it by ourselves, we can still take pleasure in reading it to a companion. To him it has all the graces of novelty.
Adam Smith
A merchant, it has been said very properly, is not necessarily the citizen of any particular country.
Adam Smith
Every man lives by exchanging.
Adam Smith
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith
Problems worthy of attacks, prove their worth by hitting back
Adam Smith
A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.
Adam Smith
The liberal reward of labour, therefore, as it is the affect of increasing wealth, so it is the cause of increasing population. To complain of it, is to lament over the necessary effect and cause of the greatest public prosperity.
Adam Smith
Nothing is more graceful than habitual cheerfulness.
Adam Smith
To feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature.
Adam Smith
The world neither ever saw, nor ever will see, a perfectly fair lottery.
Adam Smith
Mercy to the guilty is cruelty to the innocent.
Adam Smith
