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Jean-Baptiste Say - The celebrated Adam Smith was the...
The celebrated Adam Smith was the first to point out the immense increase of production, and the superior perfection of products referable to this division of labour. (Jean-Baptiste Say)

The celebrated Adam Smith was the first to point out the immense increase of production, and the superior perfection of products referable to this division of labour.

Jean-Baptiste Say

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adam division immense increase perfection point production smith superior labour

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What strikes one here above all is the crudely empirical conception of profit derived from the outlook of the ordinary capitalist, which wholly contradicts the better esoteric understanding of Adam Smith. View quote
Karl Marx
Karl Marx and Adam Smith both subscribed to this view. They both saw successful growth as dependent on the development of efficient property rights. Their followers appear in the main to have forgotten this. View quote
Douglass North
And, having once decided to achieve a certain task, achieve it at all costs of tedium and distaste. The gain in self-confidence of having accomplished a tiresome labour is immense. View quote
Arnold Bennett
An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital. View quote
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As against the "invisible hand" of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane. View quote
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