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“Wages, profit, and rent, are the three original sources of all revenue, as well as of all exchangeable value.”
Smith separates major forms of income according to labour, stock, and land, providing a historical framework for how revenue is distributed.
Source note: The Wealth of Nations, Book I, Chapter VI; Project Gutenberg #3300. The statement is part of Smith’s eighteenth-century theory of price and income distribution.
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“The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
Smith distinguishes nominal money price from the labour and sacrifice required to acquire something, making cost broader than the number printed on a transaction.
Source note: The Wealth of Nations, Book I, Chapter V; Project Gutenberg #3300. This belongs to Smith’s labour-command discussion of real and nominal price.
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“A foolish consistency is the hobgoblin of little minds.”
Emerson attacks rigid consistency when it prevents people from revising judgment in the light of new thought.
Source note: Essay “Self-Reliance”; Emerson criticizes rigid adherence to past opinions when fresh judgment requires revision.
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“The produce of labour constitutes the natural recompence or wages of labour.”
Smith begins his wages discussion from the idea that labour’s product is the worker’s original recompense before later property relations divide output.
Source note: The Wealth of Nations, Book I, Chapter VIII; Project Gutenberg #3300. The historical spelling “recompence” is retained and the sentence belongs to a larger theoretical argument.
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“life is the end and aim of consumption.”
Consumption is judged by what it ultimately does for human life, making economic activity a means rather than an end in itself within Ruskin’s argument.
Source note: Unto This Last, fourth essay; Project Gutenberg #36541. The line follows Ruskin’s distinction between production and consumption and retains the nineteenth-century political-economy setting.
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“Production does not consist in things laboriously made”
Ruskin rejects sheer labor-input as a sufficient definition of production and redirects attention toward whether what is made can actually serve a useful human end.
Source note: Unto This Last, fourth essay; Project Gutenberg #36541. The sentence continues by defining production through serviceable consumption; tagging it to productivity records that critique of raw output rather than equating Ruskin with modern productivity science.