Adam Smith: Profit Like Compound Interest

Posted by admin on Thursday, April 20, 2017

Adam Smith Money Quote saying attempts to understand the effect of product costs with comparisons of interest types on both wages and profits. Adam Smith said:

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest
— Adam Smith

Categories: finance Tagged:

Leave a Reply

You must be logged in to post a comment.