...poor and miserable. It is but equity besides, that they who feed, clothe, and lodge the whole body of people, should have such a share of the produce of their own labour as to be themselves tolerably well-fed, clothed and lodged. (Smith, Vol. I, p. 70) Smith makes no reference to 'market-determined'...

...JUSTICE No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that...themselves tolerably well fed, cloathed and lodged. Adam Smith, The Wealth of 'Nations' 1 Smith's decision to focus on commutative justice and for the...

...happy, of which the far greater part the members are poor and miserable. It is but equity, besides, that the whole body of the people, should have such a share...own Labour as to be themselves tolerably well fed, clothed and lodged. (ibid.: 79) Smith related the concepts of social efficiency and justice. The proper...

...and miserable. It is but equality besides that they who feed, cloathe, and lodge the [population], should have such a share of the produce of their own...to be themselves tolerably well fed, cloathed, and lodged.7 He went on to say that wages were the "encouragement of industriousness" in workers, that...

...payment of wages," these funds being the employers' revenue surplus over their own subsistence and any " stock " not necessary for their own employment.4...observes its lack of system, it is easy to see how the Social1 Bk. V, Chap. II, pt. ii, art. 4 (Cannan's ed., p. 354). 2 The pessimistic f1ler t of such passages...

...whole. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable. It is but equity, besides, that...themselves tolerably well fed, cloathed and lodged. (ibid., I.viii.36, 96) Nonetheless, Smith's well-known advocacy of high wages did not prove that he...

...economic progress depended on the level of saving, and if this the far greater part of the members are poor and miserable. It is but equity, besides, that...themselves tolerably well fed, cloathed and lodged" ( Wealth of Nations ( 1 776), I, viii). proposition were accepted any radical redistribution of income...

...part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people should have...own labour as to be themselves tolerably well fed, clothed and lodged." He here contradicts his 1 I. via. 31. 1 I. vm. 36, i. own statement (about the...

...when healthy and prosperous. And "it is but equity," Smith concluded, "that they who food, clothe, and lodge the whole body of the people, should have...own labour as to be themselves tolerably well fed, clothed, and lodged."6 Conspicuous Consumption If the increase in the production of consumer goods...

...whole. No society can surely be flourishing and happy, of which the far greater parts of the members are poor and miserable. It is but equity, besides, that...themselves tolerably well fed, cloathed and lodged. ( Wealth of Nations, 96; emphasis added) Moreover, Smith thinks that the workers have a claim in equity...