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
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More quotes by Adam Smith
- It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
- 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.
- The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
- All money is a matter of belief.
- Science is the great antidote to the poison of enthusiasm and superstition.