 | Edwin Cannan - Economics - 1903 - 458 pages
...employments, not the income obtained from them, that any one would naturally expect to be equal : — ' The whole of the advantages and disadvantages of the different employments of labour and stock,' he says, 'must, in the same neighbourhood, be either perfectly equal or continually tending to equality.... | |
 | Thomas Nixon Carver - Distribution (Economic theory) - 1904 - 318 pages
...causes of differences of wages in different occupations. Adam Smith lays down the proposition that "the whole of the advantages and disadvantages of the different employments of labor and stock must, in the same neighborhood, be either perfectly equal or continually tending to... | |
 | Fred Manville Taylor - Economics - 1907 - 242 pages
...important reasons for this are well brought out in the following much quoted passage from Adam Smith. *The whole of the advantages and disadvantages of...employments of labour and stock must, in the same neighborhood, be either perfectly equal or continually tending to equality. If in the same neighborhood... | |
 | Charles Jesse Bullock - Economics - 1907 - 732 pages
...established and well known, the competition reduces them to the level of other trades. II. This equality in the whole of the advantages and disadvantages of the different employments of labour and stock, can take place only in the ordinary, or the natural state of those employments. The demand for almost... | |
 | John Rogers Commons - Wealth - 1908 - 316 pages
...causes of differences of wages in different occupations. Adam Smith lays down the proposition that "the whole of the advantages and disadvantages of the different employments of labor and stock must, in the same neighborhood, be either perfectly equal or continually tending to... | |
 | Edwin Cannan - Economics - 1918 - 320 pages
...would be nearly a realization of the state of things pictured in Adam Smith's famous passage : — " The whole of the advantages and disadvantages of the different employments of labour . . . must in the same neighbourhood be either perfectly equal or continually tending to equality.... | |
 | Electronic journals - 1918 - 718 pages
...competition under a natural order of liberty he believes that there will result an equalization of profits. " The whole of the advantages and disadvantages of the different employments of labor and stock must in the same neigborhood be perfectly equal or continually tending to equality."... | |
 | Labor laws and legislation - 1972 - 750 pages
...he tends to overlook Adam Smith's argument that the market allocates labor among occupations so that "The whole of the advantages and disadvantages of the different employments of labor and stock must, in the same neighborhood, be either perfectly equal or continually tending to... | |
 | Du Bois Henry Loux - Democracy - 1920 - 286 pages
...continuing the same." I. 36-37. 43. "The policy of Europe occasions a very important inequality in the whole, of the advantages and disadvantages of the different employments of labor and stock. "The exclusive privileges of corporations are the principal means it makes use of... | |
 | James McKeen Cattell, Will Carson Ryan, Raymond Walters - Education - 1920 - 728 pages
...toward a uniform rate for all. The principle was enunciated by Adam Smith in a well-known passage: The whole of the advantages and disadvantages of the different employments of labor . . . must, in the same neighborhood, be either perfectly equal or continually tending to equality.... | |
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The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighbourhood, be either perfectly equal, or continually tending to equality. 
