Labor was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labor, that all wealth of the world was originally purchased. ~Adam Smith
So many people misquote and misunderstand Adam Smith. He should be required reading in American High Schools, just so people could recognize when he's being used out of context or incorrectly.
Of course it all starts with labor. It's tragic what a low value our society places on it.
So many people misquote and misunderstand Adam Smith. He should be required reading in American High Schools, just so people could recognize when he's being used out of context or incorrectly.
ReplyDeleteOf course it all starts with labor. It's tragic what a low value our society places on it.
Nota, thank you for the post - I have to confess growing up in Canada we didnt' read Adam. About time, eh?
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