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.
More Quotes from Adam Smith:
Any and all copyright holders ... can tell us which books they'd prefer that we not scan if we find them in a library.Adam Smith
The real tragedy of the poor is the poverty of their aspirations.
Adam Smith
It was nerve-wracking coming to get my results. I was totally unsure what they would be. My offer from Sheffield was three As and my insurance offer from Leeds was also three As.
Adam Smith
As soon as government management begins it upsets the natural equilibrium of industrial relations, and each interference only requires further bureaucratic control until the end is the tyranny of the totalitarian state.
Adam Smith
The mind is so rarely disturbed, but that the company of friend will restore it to some degree of tranquility and sedateness.
Adam Smith
Modern critics of the Conquest have an unlikely ally in the eighteenth-century prophet of laissez-faire economics 'It is not by the importation of gold and silver, that the discovery of America has enriched Europe. ... The commodities of Europe were almost all new to America, and many of those of America were new to Europe. A new set of exchanges, therefore, began t o take place which had never been thought of before, and which should naturally have proved as advantageous to the new, as it certainly did to the old continent. The savage injustice of the Europeans rendered an event, which ought to have been beneficial to all, ruinous and destructive to several of those unfortunate countries.'
Adam Smith
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Based on Topics: Labor Quotes, Silver Quotes, World QuotesDouglas Adams' Hitchhiker series also shows the potential of lighter fantastic fiction. I read the first, and listened to a tape of a later one, and it's fun.
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It's like spicy food - sometimes you have to tone it down so more people can enjoy it.
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Risk! Risk anything! Care no more for the opinions of others, for those voices. Do the hardest thing on earth for you. Act for yourself. Face the truth.
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