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