Division of labor Quote by Edd S. Noell

“Needless to say, this idea that the origin of prosperity is hard work and frugality was exhaustively formulated by Adam Smith in The Wealth…

— Axel Kaiser

Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our…

— P. J. O'Rourke

“ An Inquiry into the Nature and Causes of the Wealth of Nations , which Smith published in 1776, is the most important book…

— Jerry Z. Muller

“The majority of any society comprised, Smith knew, not landlords or merchants, but "servants, laborers, and workmen of different kinds," who derived their income…

— Jerry Z. Muller

The gains from specialization go all the way back to Adam Smith. He talked about the advantage of a bigger market being that we…

— Paul Romer

“A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most…

— Bruce Watson

“In The Wealth of Nations, Adam Smith argued that self-interest can solve this problem. Given a free economy and an impartial rule of law,…

— Roger Scruton

Smith, as we have said, was not the proponent of any one class. He was a slave to his system. His whole economic philosophy…

— Robert Heilbroner

During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to…

— Ronald Coase

Adam Smith saw the greed of modern capitalism for what it was - a form of destructive ambition that may have favorable effects on…

— Allen W. Wood

The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take…

— Milton Friedman

“A fundamental insight of modern economics is that the key to the creation of wealth is a division of labor, in which specialists learn…

— Steven Pinker