Monday, July 09, 2012

DID ADAM SMITH BELIEVE IN SPREADING THE WEALTH?

In the Wealth of Nations, he contrasted the "masters of mankind" with the more socially beneficially:
In a country which has neither foreign commerce, nor any of the finer manufactures, a great proprietor, having nothing for which he can exchange the greater part of the produce of his lands which is over and above the maintenance of the cultivators, consumes the whole in rustic hospitality at home. If this surplus produce is sufficient to maintain a hundred or a thousand men, he can make use of it in no other way than by maintaining a hundred or a thousand men.

No comments: