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A proverbial phrase or expression is a type of conventional saying similar to a proverb and transmitted by oral tradition. The difference is that a proverb is a fixed expression, while a proverbial phrase permits alterations to fit the grammar of the context. [1] [2] In 1768, John Ray defined a proverbial phrase as:
"Time is Money, Efficiency is Life" (Chinese: 时间就是金钱，效率就是生命) is a well-known slogan of Chinese economic reform. [1] It was initially a quote from Yuan Geng who made it public in 1981 as the director of Shekou, Shenzhen. [1] [2] [3] The slogan is often associated with the "Shenzhen speed". [4]
An 1837 clock-themed token coin with the phrase "Time is money" inscribed "Time is money" is an aphorism that is claimed to have originated [1] in "Advice to a Young Tradesman", an essay by Benjamin Franklin that appeared in George Fisher's 1748 book, The American Instructor: or Young Man's Best Companion, in which Franklin wrote, "Remember that time is money."
An idiom is a common word or phrase with a figurative, non-literal meaning that is understood culturally and differs from what its composite words' denotations would suggest; i.e. the words together have a meaning that is different from the dictionary definitions of the individual words (although some idioms do retain their literal meanings – see the example "kick the bucket" below).
The expression also applies to free-market policies, in that comparative-advantage production and subsequent trade would theoretically increase incomes for all participating entities. It is said to be a favorite proverb of former U.S. Treasury Secretary Robert Rubin. [7]
It encourages proceeding quickly, but calmly and cautiously. Equivalent to "more haste, less speed". Motto of the Madeira School, McLean, Virginia and Berkhamsted School, Berkhamsted, England, United Kingdom: festinare nocet, nocet et cunctatio saepe; tempore quaeque suo qui facit, ille sapit.
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In 1853 R. C. Trench wrote in On Lessons in Proverbs iv: "For the most part they courageously accept the law of labour, No pains, no gains,—No sweat, no sweet, as the appointed law and condition of man's life." [18] In 1859 Samuel Smiles included “No pains no gains” in a list of proverbs about the secret to making money in Self-Help (book).