Quotes from Adam Smith – Adam Smith Institute:
“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
The Wealth of Nations, Book IV Chapter VIII”
I stumbled across this quote a few years ago and just rediscovered it. The Wealth of Nations was written in 1776. This quote sounds like it could be taken straight from Shingo or Ohno! Sounds like Adam Smith was against the “Waste of overproduction”??
Please scroll down (or click) to post a comment. Connect with me on LinkedIn.
Let’s build a culture of continuous improvement and psychological safety—together. If you're a leader aiming for lasting change (not just more projects), I help organizations:
- Engage people at all levels in sustainable improvement
- Shift from fear of mistakes to learning from them
- Apply Lean thinking in practical, people-centered ways
Interested in coaching or a keynote talk? Let’s talk.
Join me for a Lean Healthcare Accelerator Trip to Japan! Learn More
