Posts Tagged ‘Wealth of Nations’

  • economic growth and green shoots

    Would Adam Smith Have Supported a Higher Minimum Wage?

    Dec 7, 13 • 275 Views • Behavioral Economics, Businesses, Developing Economies, Economic Debates, Economic Growth, Government, Labor, Macroeconomic Measurement, RegulationNo Comments

    Because it would be wonderful if we all knew Adam Smith, I was delighted that President Obama quoted him in a recent speech. However, Smith’s relevance to a minimum wage boost is a bit of a leap. Discussing economic mobility, the President quoted Adam...

  • Adam Smith and a Physician’s Pay

    Jan 6, 10 • 123 Views • Thinking EconomicallyNo Comments

    Pondering healthcare reform again, I came across this comment from Adam Smith, 1776, WEALTH OF NATIONS: 22] We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could not safely be...