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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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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

Adam Smith quotes

Author's Biography:
Name: Adam Smith
Born: 16 June 1723. Died: 17 July 1790
Profession: Economist | Philosopher | Author |


Related Authors
David Hume | Amartya Sen | Ludwig von Mises | Amartya Sen | Arthur Schopenhauer |


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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. - William Godwin quotes