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 custom which hinders him from either frequently or greatly relaxing his application.
Adam Smith — Adam Smith Early Modern · Wealth of Nations, capitalism

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The Wealth of Nations, Book I, Chapter VII

Date: 1776

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