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“Money is neither a material to work upon, nor a tool to work with.”
Money facilitates exchange and payment but is distinguished from the materials, tools, and subsistence that directly enable productive work.
Source note: The Wealth of Nations, Book II, Chapter II; Project Gutenberg #3300. Smith is explaining money as part of circulating capital rather than denying its practical usefulness.
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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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“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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“Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniencies, and amusements of human life.”
Smith defines economic command in terms of access to goods and services rather than the mere possession of coins, linking wealth with purchasing capacity.
Source note: The Wealth of Nations, Book I, Chapter V; Project Gutenberg #3300. The historical spelling “conveniencies” is retained; this is classical political economy, not a modern household-wealth metric.
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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.