Adam Smith Quote - Labor was the first price, the original purchase – money that was paid for all things.

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

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Author: Adam Smith
Category: Economy
Tags: Economy Money Price Work

More Quotes by Adam Smith

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Adam Smith Quote - 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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Army

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Army Character Military Soldier Stand

Adam Smith Quote - 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.

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Age

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Age Believe End Experience Freedom

Adam Smith Quote - Man is an animal that makes bargains: no other animal does this – no dog exchanges bones with another.

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Animal

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Animal Attitude Character Dog Man

Adam Smith Quote - Man, an animal that makes bargains.

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Animal

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Animal Man One Liner

Adam Smith Quote - The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.

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Affect

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Affect Direction Greatness Improvement Judgement

Adam Smith Quote - I have no faith in political arithmetic.

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Belief

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Belief Faith Myself One Liner Politics

Adam Smith Quote - The man scarce lives who is not more credulous than he ought to be. The natural disposition is always to believe. It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough.

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Believe

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Believe Enough Experience Live Man

Adam Smith Quote - Men desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.

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Desire

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Desire Important Man Management Return

Adam Smith Quote - Science is the great antidote to the poison of enthusiasm and superstition.

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Belief

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Belief Enthusiasm Medicine Poison Science

Adam Smith Quote - With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.

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Enjoyment

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Enjoyment Greatness People Rich

Adam Smith Quote - The learned ignore the evidence of their senses to preserve the coherence of the ideas of their imagination.

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Evidence

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Evidence Ideas Ignorance Imagination Learning

Adam Smith Quote - Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.

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Defense

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Defense Government Institution Poor Property

Adam Smith Quote - Justice, however, never was in reality administered gratis in any country. Lawyers and attornies, at least, must always be paid by the parties; and, if they were not, they would perform their duty still worse than they actually perform it.

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Administration

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Administration Country Justice Party Pay

Adam Smith Quote - Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.

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Destruction

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Destruction Greatness Nation Poor Privacy

Adam Smith Quote - It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.

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Affect

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Affect Improvement Manufacture Natural Price

Adam Smith Quote - The division of labour was limited by the extent of the market.

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Limitation

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