The value which the workmen add to the materials, therefore, resolves itself in this case into two parts, of which the one pays their wages, the othe… - Adam Smith
" "The value which the workmen add to the materials, therefore, resolves itself in this case into two parts, of which the one pays their wages, the other the profits of the employer upon the whole stock of materials and wages which he advanced.
English
Collect this quote
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
Also Known As
Alternative Names:
Smiths
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Adam Smith
This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Loading...