The Wealth of Nations

The Wealth of Nations

by

Adam Smith

Manufacturers Character Analysis

Manufacturers are people who turn agricultural raw materials (rude produce) into finished goods for others to use or consume. Compared to the other three kinds of productive laborers, they add more value than wholesalers and retailers, but less than farmers. Their businesses typically require significant investments in both fixed capital (factories and instruments of trade) and circulating capital (materials of manufacture). For the purposes of his analysis, Smith also treats artisans, tradespeople, and other smalltime producers as manufacturers.

Manufacturers Quotes in The Wealth of Nations

The The Wealth of Nations quotes below are all either spoken by Manufacturers or refer to Manufacturers. For each quote, you can also see the other characters and themes related to it (each theme is indicated by its own dot and icon, like this one:
Labor, Markets, and Growth Theme Icon
).
Book 1, Chapter 1 Quotes

To take an example, therefore, from a very trifling manufacture, but one in which the division of labour has been very often taken notice of, the trade of a pin-maker: a workman not educated to this business (which the division of labour has rendered a distinct trade), nor acquainted with the use of the machinery employed in it (to the invention of which the same division of labour has probably given occasion), could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty. But in the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which the greater part are likewise peculiar trades. [...] The important business of making a pin is, in this manner, divided into about eighteen distinct operations.

Related Characters: Manufacturers
Related Symbols: The Pin Factory
Page Number: 11
Explanation and Analysis:
Book 3, Chapter 1 Quotes

The inhabitants of the town, and those of the country, are mutually the servants of one another. The town is a continual fair or market, to which the inhabitants of the country resort, in order to exchange their rude for manufactured produce. It is this commerce which supplies the inhabitants of the town, both with the materials of their work, and the means of their subsistence. The quantity of the finished work which they sell to the inhabitants of the country, necessarily regulates the quantity of the materials and provisions which they buy. Neither their employment nor subsistence, therefore, can augment, but in proportion to the augmentation of the demand from the country for finished work; and this demand can augment only in proportion to the extension of improvement and cultivation.

Related Characters: Farmers, Manufacturers
Page Number: 484
Explanation and Analysis:
Book 4, Chapter 3 Quotes

Commerce, which ought naturally to be, among nations as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity. The capricious ambition of kings and ministers has not, during the present and the preceding century, been more fatal to the repose of Europe, than the impertinent jealousy of merchants and manufacturers. The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit of a remedy: but the mean rapacity, the monopolizing spirit, of merchants and manufacturers, who neither are, nor ought to be, the rulers of mankind, though it cannot, perhaps, be corrected, may very easily be prevented from disturbing the tranquillity of anybody but themselves.

Related Characters: Manufacturers, Retailers, Wholesalers
Page Number: 621
Explanation and Analysis:
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Manufacturers Quotes in The Wealth of Nations

The The Wealth of Nations quotes below are all either spoken by Manufacturers or refer to Manufacturers. For each quote, you can also see the other characters and themes related to it (each theme is indicated by its own dot and icon, like this one:
Labor, Markets, and Growth Theme Icon
).
Book 1, Chapter 1 Quotes

To take an example, therefore, from a very trifling manufacture, but one in which the division of labour has been very often taken notice of, the trade of a pin-maker: a workman not educated to this business (which the division of labour has rendered a distinct trade), nor acquainted with the use of the machinery employed in it (to the invention of which the same division of labour has probably given occasion), could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty. But in the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which the greater part are likewise peculiar trades. [...] The important business of making a pin is, in this manner, divided into about eighteen distinct operations.

Related Characters: Manufacturers
Related Symbols: The Pin Factory
Page Number: 11
Explanation and Analysis:
Book 3, Chapter 1 Quotes

The inhabitants of the town, and those of the country, are mutually the servants of one another. The town is a continual fair or market, to which the inhabitants of the country resort, in order to exchange their rude for manufactured produce. It is this commerce which supplies the inhabitants of the town, both with the materials of their work, and the means of their subsistence. The quantity of the finished work which they sell to the inhabitants of the country, necessarily regulates the quantity of the materials and provisions which they buy. Neither their employment nor subsistence, therefore, can augment, but in proportion to the augmentation of the demand from the country for finished work; and this demand can augment only in proportion to the extension of improvement and cultivation.

Related Characters: Farmers, Manufacturers
Page Number: 484
Explanation and Analysis:
Book 4, Chapter 3 Quotes

Commerce, which ought naturally to be, among nations as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity. The capricious ambition of kings and ministers has not, during the present and the preceding century, been more fatal to the repose of Europe, than the impertinent jealousy of merchants and manufacturers. The violence and injustice of the rulers of mankind is an ancient evil, for which, I am afraid, the nature of human affairs can scarce admit of a remedy: but the mean rapacity, the monopolizing spirit, of merchants and manufacturers, who neither are, nor ought to be, the rulers of mankind, though it cannot, perhaps, be corrected, may very easily be prevented from disturbing the tranquillity of anybody but themselves.

Related Characters: Manufacturers, Retailers, Wholesalers
Page Number: 621
Explanation and Analysis: