Adam Smith Quote - 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.

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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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Author: Adam Smith
Category: Gold
Tags: Gold Money Pay Price Purchase

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Adam Smith Quote - A merchant, it has been said very properly, is not necessarily the citizen of any particular country.

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Adam Smith Quote - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

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Adam Smith Quote - To feel much for others and little for ourselves, that to restrain our selfish, and to indulge our benevolent affections, constitutes the perfection of human nature.

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Adam Smith Quote - The game women play is men.

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Adam Smith Quote - Ask any rich man of common prudence to which of the two sorts of people he has lent the greater part of his stock, to those who, he thinks, will employ it profitably, or to those who will spend it idly, and he will laugh at you for proposing the question.

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Adam Smith Quote - In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.

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Adam Smith Quote - When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.

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Adam Smith Quote - A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.

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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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Adam Smith Quote - The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

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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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