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Quote by Adam Smith

“The liberal reward of labor, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the laboring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition that they going backwards fast.”

Quote by Adam Smith

Book:The Wealth of Nations: Representative Selections
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The Wealth of Nations: Representative Selections

This book is a curated collection of key passages from Adam Smith's influential treatise, 'The Wealth of Nations.' It delves into the concepts of economic systems, the role of government in commerce, and the benefits of specialization in production. The selections aim to provide readers with a comprehensive understanding of Smith's ideas on the development of modern capitalism and the functioning of markets. more

Author

Adam Smith
Adam Smith

Adam Smith, a renowned philosopher and economist from Britain, was born on June 5, 1723, and died on July 17, 1790. Known as the father of modern economics, his work 'The Wealth of Nations' had a profound impact on the development of economics. more

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