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.


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

    Read your post and thought about this story from today:

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

    Reblogged this on Free Commentary.

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