Posts Tagged ‘adam smith’
Adam Smith: Labor Wealth
on Saturday, January 9, 2021Adam Smith Money Quote saying It was work that bought the world, not money or precious metals, but labor that bought the wealth of the world. Adam Smith said:
“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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Adam Smith: Common Scarcity
on Monday, January 6, 2020Adam Smith Money Quote saying (The Wealth of Nations, 1776) that one of the most frequent complaints heard is that there isn’t enough money. Adam Smith said:
“No complaint… is more common than that of a scarcity of money” — Adam Smith
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Adam Smith: High Wages, High Profits
on Tuesday, January 2, 2018Adam 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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Adam Smith: Pernicious Effects of Gain
on Friday, April 21, 2017Adam 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
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Adam Smith: Profit Like Compound Interest
on Thursday, April 20, 2017Adam 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
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Adam Smith: Finding Out Who You Are
on Tuesday, March 10, 2015Adam 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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Daryl Cagle, CagleCartoons.com
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