Adam Smith on the Mobility of Labor v. Capital

3 Oct

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.

3 Responses to “Adam Smith on the Mobility of Labor v. Capital”

  1. Mya Frazier October 3, 2013 at 11:14 am #

    Read your post and thought about this story from today:

    http://www.nytimes.com/2013/10/04/world/europe/scores-die-in-shipwreck-off-sicily.html

  2. Free Commentary October 3, 2013 at 11:29 am #

    Reblogged this on Free Commentary.

Trackbacks/Pingbacks

  1. Adam Smith on taxes, inequality of riches, regulating banks | Poor Richard's Almanack 2.0 - October 9, 2013

    […] Adam Smith on the Mobility of Labor v. Capital (coreyrobin.com) […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 5,071 other followers