Sunday, April 06, 2008

What does Adam Smith say ...? 

... about a living wage?

But what improves the circumstances of the greater part can never be regarded as an inconveniencey to the whole. No society can be flourishing and happy, of which the greater part of the members are poor and miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people should have such a share of the produce of their own labour as to be themselves tolerably well fed, cloathed and lodged.

- Adam Smith, "The Wealth of Nations," Book I, Chapter VIII

Adam Smith, communist


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