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.
More Quotes from Adam Smith:
What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?Adam Smith
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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
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Based on Topics: Fear QuotesBased on Keywords: corrects, effectual, frauds, negligence, restrains, workman
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