Adam Smith — "The real and effectual discipline which is exercised over a workman is that of h…"

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.
Adam Smith — Adam Smith Early Modern · Wealth of Nations, capitalism

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From 'The Wealth of Nations'

Date: 1776

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