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Acquire Quote by Adam Smith

“Among civilized and thriving nations, on the contrary, though a great number of people do no labor at all, many of whom consume the produce of ten times, frequently of a hundred times more labour than the greater part of those who work; yet the produce of the whole labour of the society is so…” quote by Adam Smith
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“Among civilized and thriving nations, on the contrary, though a great number of people do no labor at all, many of whom consume the produce of ten times, frequently of a hundred times more labour than the greater part of those who work; yet the produce of the whole labour of the society is so great, that all are often abundantly supplied, and a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniencies of life than it is possible for any savage to acquire.”

Adam Smith

About This Quote

Source Book: The Wealth of Nations, 1776

The quote argues that even with large disparities in labor contribution, a productive society can provide abundance for all, and diligent, frugal workers can achieve a higher standard than any primitive society.

In simple terms: A productive society can supply abundance, allowing diligent workers to thrive.

Key Takeaway

Promote productivity and frugality for broader prosperity.

Themes

economics inequality productivity

Mood

analytical optimistic

Type

economic sociological

When to use this quote

  • policy making
  • personal finance
  • community development
  • education on economics

Key Concepts

division of labor wealth distribution

Questions to Reflect On

  • What mechanisms ensure fair access to resources?
  • How can frugality improve living standards?
A Different Perspective

Wealth may not be evenly distributed despite abundance.

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