The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence. – Adam Smith
Quote by Adam Smith
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Other quotes by Adam Smith
Labor was the first price, the original purchase – money that was paid for all things. – Adam Smith
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No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. – Adam Smith
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