Tao Te Ching

The Power of Goodness, the Wisdom Beyond Words
Search Quotes Search Sages Search Chapters

“The establishment of any new manufacture, of any new branch of commerce, or any new practice in agriculture, is always a speculation, from which the projector promises himself extraordinary profits... If the project succeeds, they [the profits] are commonly at first very high. When the trade or practice becomes thoroughly established and well known, the competition reduces them to the level of other trades.”

Adam Smith 1723 – 1790 CE
''The Father of Economic Capitalism"
from Wealth of Nations

Comments (0)

 

Themes

Competition