Quote by: Adam Smith

The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.


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Author Bio


  • NameAdam Smith
  • DescriptionScottish moral philosopher and political economist
  • BornJune 16, 1723
  • DiedJuly 17, 1790
  • CountryKingdom Of Great Britain
  • ProfessionEconomist; Non-fiction Writer; Philosopher
  • WorksThe Theory Of Moral Sentiments
  • AwardsFellow Of The Royal Society