Famous quote by Adam Smith

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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver,
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"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased"

- Adam Smith

About this Quote

Adam Smith's quote is a pointer of the value of labour in the creation of wealth. He is recommending that labour, instead of gold or silver, is the structure of all wealth. This is since labour is the very first rate that is paid for all things. It is through labour that all wealth of the world was initially acquired. This quote is a tip that labour is the foundation of all financial activity which it is important for the creation of wealth. It is also a pointer that labour ought to be valued and appreciated, as it is the structure of all economic activity. Adam Smith's quote is a reminder of the significance of labour in the creation of wealth and the requirement to value and respect it.

About the Author

Adam Smith This quote is written / told by Adam Smith between June 5, 1723 and July 17, 1790. He was a famous Economist from Scotland. The author also have 29 other quotes.

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