From 1776 to 2026: Adam Smith's lessons for the global economy (www.reuters.com)
from RandAlThor@lemmy.ca to world@lemmy.world on 08 Mar 17:01
https://lemmy.ca/post/61491603

cross-posted from: lemmy.ca/post/61490652

Smith knew nothing of Donald Trump ​or tech billionaires when he railed against trade protectionism and extreme affluence in “The Wealth of Nations”, the best-read economics book in history, which celebrates its 250th birthday on Monday.

#world

threaded - newest

RandAlThor@lemmy.ca on 08 Mar 17:02 next collapse

“It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion,” Smith writes in the 1,000-page-plus tome, which draws on everything from ​grape-growing to pin factories. “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable,” he says in one of his best-known quotes.

[deleted] on 08 Mar 17:58 collapse
.
definitely_AI@feddit.online on 08 Mar 20:29 collapse

Wealth of Nations is Foundation.

Das Kapital is Dune.