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Quotation of the Day…

… is from page 512 of the 1982 Liberty Fund issue of the 1978 Oxford University Press edition of Adam Smith‘s Lectures on Jurisprudence:

It is a very great motive to industry that people have it in their power to exchange the produce of their labour for what they please, and wherever there is any restraint on people in this respect they will not be so vigorous in improving manufactures.