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

Tags: #Discipline, #Losing, #AdamSmith, #Scottish, #Economist

Mini who’s who:

Adam Smith : Scottish Economist
Born:  June 5, 1723
Died:  July 17, 1790

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