Posts Tagged ‘adam smith’

Adam Smith: High Wages, High Profits

Posted by admin on Tuesday, January 2, 2018

Adam Smith Money Quote saying business owners fully blame wages for increasing the cost of goods, but rarely believe profits have any deleterious effect. Adam Smith said:

Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits
— Adam Smith

 
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Merchants complain of high wages raising price of goods, say nothing of high profits Quote

Adam Smith: Pernicious Effects of Gain

Posted by admin on Friday, April 21, 2017

Adam Smith Money Quote saying retailers complain of the high cost of wages but never of profits. Adam Smith said:

Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people
— Adam Smith

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

Adam Smith: Finding Out Who You Are

Posted by admin on Tuesday, March 10, 2015

Adam Smith Money Quotation saying when learning character flaws (or strengths) it can be expensive to learn them from investment decisions. Adam Smith said:

If you don’t know who you are, the stock market is an expensive place to find out

— Adam Smith

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