
An Inquiry into the Nature and Causes of the Wealth of Nations

something either of a man, or of another animal, it has no other means of persuasion, but to gain the favour of those whose service it requires.
Adam Smith • An Inquiry into the Nature and Causes of the Wealth of Nations
Labour, therefore, it appears evidently, is the only universal, as well as the only accurate, measure of value, or the only standard by which we can compare the values of different commodities, at all times, and at all places.
Adam Smith • An Inquiry into the Nature and Causes of the Wealth of Nations
Since the time of Henry VIII. the wealth and revenue of the country have been continually advancing, and in the course of their progress, their pace seems rather to have been gradually accelerated than retarded. They seem not only to have been going on, but to have been going on faster and faster. The wages of labour have been continually increasin
... See moreAdam Smith • An Inquiry into the Nature and Causes of the Wealth of Nations
The revenue of the farmer is derived partly from his labour, and partly from his stock.