Source identified
Read & copy the quotation
“The produce of labour constitutes the natural recompence or wages of labour.”
- Source
- The Wealth of Nations
- Date
- 1776
Meaning of “The produce of labour constitutes the natural recompence…”
Smith begins his wages discussion from the idea that labour’s product is the worker’s original recompense before later property relations divide output.
Where does it come from?
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.
