All time Quote by Adam Smith
“Capitals are increased by parsimony, and diminished by prodigalityand misconduct. By what a frugal man annually saves he not onlyaffords maintenance to an additional number of productive hands?but?he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.”
About This Quote
Source Book: The Wealth of Nations, 1776
Saving resources builds wealth; waste destroys it, creating lasting prosperity.
In simple terms: Saving builds wealth; waste destroys it.
Key Takeaway
Practice frugality to sustain growth.
Themes
economics
frugality
productivity
ethics
Mood
analytical
practical
Type
economic
ethical
When to use this quote
- personal finance
- business budgeting
- public policy
- resource management
Key Concepts
economics
behavioral science
Questions to Reflect On
- How can you balance saving and spending?
- What limits should be set on waste?
A Different Perspective
Frugality can stifle innovation if overly strict.
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