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SMITH AT 300: ADAM SMITH ON EQUITY, SOCIETY, AND STABILITY
Published online by Cambridge University Press: 03 March 2023
Extract
In a discussion of wages and labor in the Wealth of Nations (WN), Adam Smith concludes: “No society can be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged” (Smith [1776] 1994, WN I.viii:90).
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- Symposium: Smith at 300
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- © The Author(s), 2023. Published by Cambridge University Press on behalf of the History of Economics Society