"In regards to the price of commodities, the……" — Adam Smith
"In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest. 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."
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Adam Smith
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54 Quotes by Adam Smith
Adam Smith has 54 quotes on this site.
A few more worth reading:
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The cheapness of wine seems to be a cause, not of drunkenness, but of sobriety. ...People are seldom guilty of…
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The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the…
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It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but…
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No society can surely be flourishing and happy, of which the far greater part of the members are poor and…
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To feel much for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the…
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The real tragedy of the poor is the poverty of their aspirations.
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Labour was the first price, the original purchase - money that was paid for all things. It was not by…
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Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.
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As soon as the land of any country has all become private property, the landlords, like all other men, love…
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Science is the great antidote to the poison of enthusiasm and superstition.
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The propensity to truck, barter and exchange one thing for another is common to all men, and to be found…
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All money is a matter of belief.
See all 54 quotes by Adam Smith »
More Bad Quotes
This quote is filed under Bad Quotes,
one of 14,431 quotes in that category. Here are a few more:
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I went through a phase where I thought nostalgia was a bad thing.
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Characteristics of a popular politician: a horrible voice, bad breeding, and a vulgar manner.
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Bad men are full of repentance.
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It is the role of good journalism to take on powerful abusers, and when powerful abusers are taken on, there's…
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Bad things are not the worst things that can happen to us. Nothing is the worst thing that can happen…
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There are some forms of religion that are bad, just as there's bad cooking or bad art or bad sex,…
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If my forgeries looked as bad as the CBS documents, it would have been 'Catch Me In Two Days'.
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People that go through what I went through and people going through divorce, it's really a difficulty process; it's heartbreaking…
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If I were to say, 'God, why me?' about the bad things, then I should have said, 'God, why me?'…
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From my close observation of writers... they fall into two groups: 1) those who bleed copiously and visibly at any…
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The problem with leaderless uprisings taking over is that you don't always know what you get at the other end.…
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