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Was Adam Smith a socialist? #3 – Are high profits a sign that a country is going to ruin?
Friday, January 20, 2017 17:01
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The proponent of the view that Adam Smith’s system did not permit inequality in the first place cited the following comment from Smith to “prove” his point: that profits are “always highest in the countries which are going fastest to ruin.” Apparently, this indicates he was against high profits. And hence a socialist. This idea is […]
Source: http://www.sabhlokcity.com/2017/01/was-adam-smith-a-socialist-3-are-high-profits-a-sign-that-a-country-is-going-to-ruin/
