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.
Discover more from Corey Robin
Subscribe to get the latest posts sent to your email.
-
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 -
Reblogged this on Free Commentary.