Source: A Treatise On Political Economy (Fourth Edition) (1832), Book III, On Consumption, Chapter I, p. 391 (See also: Say's Law)
“Among civilized and thriving nations, on the contrary, though a great number of people do no labor at all, many of whom consume the produce of ten times, frequently of a hundred times more labour than the greater part of those who work; yet the produce of the whole labour of the society is so great, that all are often abundantly supplied, and a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniencies of life than it is possible for any savage to acquire.”
Introduction and Plan of the Work, p. 2.
(1776)
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Adam Smith 175
Scottish moral philosopher and political economist 1723–1790Related quotes
Introduction and Plan of the Work, p. 1.
(1776)
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Context: I wish to suggest that a man may be very industrious, and yet not spend his time well. There is no more fatal blunderer than he who consumes the greater part of his life getting his living. All great enterprises are self-supporting. The poet, for instance, must sustain his body by his poetry, as a steam planing-mill feeds its boilers with the shavings it makes. You must get your living by loving.
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A Vindication of Natural Society (1756)
Context: The most obvious division of society is into rich and poor; and it is no less obvious, that the number of the former bear a great disproportion to those of the latter. The whole business of the poor is to administer to the idleness, folly, and luxury of the rich; and that of the rich, in return, is to find the best methods of confirming the slavery and increasing the burdens of the poor. In a state of nature, it is an invariable law, that a man's acquisitions are in proportion to his labours. In a state of artificial society, it is a law as constant and as invariable, that those who labour most enjoy the fewest things; and that those who labour not at all have the greatest number of enjoyments. A constitution of things this, strange and ridiculous beyond expression! We scarce believe a thing when we are told it, which we actually see before our eyes every day without being in the least surprised.