Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
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"Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased." — Adam Smith #moneywealth
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Labour was the first price, the original purchase - money that was paid for all things. It was…
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Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased. — Adam Smith
About Adam Smith
Adam Smith was a Economist from Kingdom of Great Britain (1723–1790).
Frequently Asked Questions
Who said "Labour was the first price, the original purchase - money that was paid for all…"?
This quote is attributed to Adam Smith, a Economist from Kingdom of Great Britain.
When did Adam Smith live?
Adam Smith lived from 1723 – 1790.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.