Gold Quotes
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.
"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."— Adam Smith
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Meaning of this quote
Labor is presented as the original effort through which wealth is acquired and exchanged.
Key takeaway:
Look beyond monetary prices to the work that makes goods available.
Origin of the quote
The Wealth of Nations (1776)
Who actually said this?
Related passage located, but the supplied wording differs; title preserved as supplied.
Source:
The Wealth of Nations (1776)
