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It appears, accordingly, from the experience of all ages and nations, I believe, that the work done by freemen comes cheaper in the end than that performed by slaves.
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
Ends
Slaves
Done
Ages
Work
Appears
Believe
Slave
Freemen
Nations
Freeman
Age
Accordingly
Comes
Performed
Experience
Cheaper
More quotes by Adam Smith
In a militia, the character of the laborer, artificer, or tradesman, predominates over that of the soldier: in a standing army, that of the soldier predominates over every other character.
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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.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.
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I have no faith in political arithmetic.
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All money is a matter of belief.
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It seldom happens, however, that a great proprietor is a great improver.
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The great affair, we always find, is to get money.
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Now many such things may be done without intitling the people to rise in arms. A gross, flagrant, and palpable abuse no doubt will do it, as if they should be required to pay a tax equal to half or third of their substance.
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A sketch of a man facing to the right.
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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.
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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.
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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.
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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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