Posts Tagged ‘socialist’

We had Corey Carroll with us

Punkonomics2013-3-15

The symbolism is obvious as St Francis was something of a medieval socialist. Interesting choice…

Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.

The Wealth of Nations (1776, Chapter IX, p. 117)

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