Complain: Quote

”Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.”

Adam Smith, The Wealth of Nations

8 thoughts on “Complain: Quote

  1. I really like Adam Smith for his ideas of how the wealthy should use their money to improve society for investing in full employment rather than luxuries.

    Liked by 1 person

    1. INCOMESCO / Jesi 21/12/2015 — 10:31 pm

      Yes It is Stuart ! But today’s economic situation is bizarre !

      Like

  2. Things haven’t really gotten much better since Adam Smith wrote that, have they.

    Liked by 1 person

    1. INCOMESCO / Jesi 22/12/2015 — 7:14 am

      Thank you Ken. When a pure economist by qualifications start the job for vote for politics then economics may not work properly. Simply when an economists become ‘politiconomist’ then nither economics nor politics revive.

      Like

  3. A very effective quote!

    Liked by 1 person

    1. INCOMESCO / Jesi 24/12/2015 — 12:27 am

      Thank you, 🙂 ❤

      Liked by 1 person

    1. INCOMESCO / Jesi 09/01/2016 — 1:01 pm

      Thank you Alex for reblogging this.

      Like

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