“Whenever the legislature attempts to regulate differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.”
Quote by Adam Smith
Work
The Wealth of Nations: the Great Master
This book is a landmark treatise in economic thought, originally published in the late 18th century. It systematically explores how nations generate and accumulate wealth through productive labor, free markets, and trade. The author introduces key concepts such as the invisible hand, specialization, and the role of self-interest in driving economic prosperity. The work critiques mercantilist policies and advocates for limited government intervention, laying the groundwork for modern capitalist theory. As a classic text, it remains influential in discussions of political economy and public policy. more
Author
Adam Smith
Adam Smith, a renowned philosopher and economist from Britain, was born on June 5, 1723, and died on July 17, 1790. Known as the father of modern economics, his work 'The Wealth of Nations' had a profound impact on the development of economics. more
You May Also Like
“Self-will so ardent and active that it will break a world to pieces to make a stool to sit on.”
Source: Remains of the Rev. Richard Cecil