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
Showing posts with label Adam Smith. Show all posts
Showing posts with label Adam Smith. Show all posts
Monday, September 5, 2011
The price of labor
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
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