Economy Quotes
Labor was the first price, the original purchase – money that was paid for all things.
"Labor was the first price, the original purchase – money that was paid for all things."— Adam Smith
Download in different sizes
Meaning of this quote
Labor is described as the original effort through which goods were acquired.
Key takeaway:
Recognize the work underlying a monetary price.
Origin of the quote
The Wealth of Nations (1776)
Who actually said this?
VerifiedBook I, chapter V; supplied American spelling “Labor” corresponds to the edition’s “Labour”.
Source:
The Wealth of Nations (1776)
