Quote by Adam Smith on the importance of labor

A quote by Adam Smith on the importance of labor is the topic of this blog post.

“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

“This quote by Adam Smith is absolutely true as no wealth can be obtained without labor.  Even gold and silver cannot be obtained except through the use of labor. The absolute truth of this quote cannot be denied by any thinking person.  Without labor there would be no wealth yet so many people nowadays disdain the importance of labor. Adam Smith understood clearly that labor was in fact the original money although that is a fact that seems to be lost on many modern economists and many people that love to selectively quote him.” Stan Burman

Stan Burman is an entrepreneur and freelance paralegal that has collected unpaid California judgments since 1992 as well as worked in California and Federal litigation since 1995. He relocated to the Philippines several years ago by taking to heart some of the useful quotations posted on this blog. He has created over 300 sample legal documents for California and Federal litigation which can be viewed at https://www.scribd.com/LegalDocsPro

Visit his website at http://www.legaldocspro.net and his blog at http://www.legaldocspro.net/blog



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