Adam Smith Quote - 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.

Customer Quotes

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.

"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."

— Adam Smith

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Author: Adam Smith
Category: Customer
Tags: Customer Discipline Employment Exercise Fear

More Quotes by Adam Smith

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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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Citizenship

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Citizenship Country Necessary Property Trade

Adam Smith Quote - Nothing but the most exemplary morals can give dignity to a man of small fortune.

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Dignity

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Dignity Fortune Man Moral Small

Adam Smith Quote - That the chance of gain is naturally over-valued, we may learn from the universal success of lotteries.

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Chance

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Chance Learning Nature Success Value

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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Cost

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Cost Man Price Reality Trouble

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 - Never complain of that of which it is at all times in your power to rid yourself.

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Complaint

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Complaint Power Time Yourself

Adam Smith Quote - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.

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People

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People Possible Tax Treasure

Adam Smith Quote - There is no art which government sooner learns of another than that of draining money from the pockets of the people.

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Art

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Adam Smith Quote - The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.

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Change

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Change Fact Generation Greatness Mathematics

Adam Smith Quote - It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.

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Active

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Active Country Greatness Production

Adam Smith Quote - The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.

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Attachment

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Attachment Citizenship Country Necessary World

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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Adam Smith Quote - As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

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Country

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Country Demand Land Love 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 - 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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Employment

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Employment Greatness Laughter Man People

Adam Smith Quote - By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.

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Goodness

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Goodness Myself Pursue Society Trade

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