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Adam Smith Quotes: 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 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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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.
         



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Other quotes of Adam Smith


No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.



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.

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 first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.



Mercy to the guilty is cruelty to the innocent.

Mercy to the guilty is cruelty to the innocent.



The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.



What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?

What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?



A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.



Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.



On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.



People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.





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So long as tyranny exists, in whatever form, man's deepest aspiration must resist it as inevitably as man must breathe.

So long as tyranny exists, in whatever form, man's deepest aspiration must resist it as inevitably as man must breathe.



Cats have been all over the Internet for many years. This makes total sense, as they seem to spend half their lives trying to stand and sit on the keyboards of our laptops.

Cats have been all over the Internet for many years. This makes total sense, as they seem to spend half their lives trying to stand and sit on the keyboards of our laptops.



Leaders establish the vision for the future and set the strategy for getting there.

Leaders establish the vision for the future and set the strategy for getting there.



We dream primarily the same way that we have consciousness of the world for the same reason. Basically, that our brains evolve to simulate reality and to control what's happening around us.

We dream primarily the same way that we have consciousness of the world for the same reason. Basically, that our brains evolve to simulate reality and to control what's happening around us.



If you feel like you've got something to offer you should do it while the iron's hot.

If you feel like you've got something to offer you should do it while the iron's hot.



Compassion is the only one of the human emotions the Lord permitted Himself and it has carried the divine flavor ever since.

Compassion is the only one of the human emotions the Lord permitted Himself and it has carried the divine flavor ever since.



Widows, like ripe fruit, drop easily from their perch.

Widows, like ripe fruit, drop easily from their perch.



I never got married anyway, because I wasn't particularly keen on accepting the responsibility of another person.

I never got married anyway, because I wasn't particularly keen on accepting the responsibility of another person.



I love vinyl, but I'm not a 'vinyl person'. I still collect, but most of my stuff is digital.

I love vinyl, but I'm not a 'vinyl person'. I still collect, but most of my stuff is digital.




Quote Description


This page presents the quote "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.". Author of this quote is Adam Smith. This quote is about discipline, losing, real,.