Adam Smith on the Mobility of Labor v. Capital

Adam Smith, The Wealth of Nations, Book I, Chapter 10, Part II:


Corporation laws, however, give less obstruction to the free circulation of stock from one place to another than to that of labour. It is everywhere much easier for a wealthy merchant to obtain the privilege of trading in a town corporate, than for a poor artificer to obtain that of working in it.


Same as it ever was.



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Published on October 03, 2013 08:03
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