| John E. Ikerd - Capitalism - 2005 - 228 pages
...Nations, "What improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing...which the far greater part of the members are poor and miserable."5 For his part, Malthus suggested that population growth would ultimately outstrip our ability... | |
| Daniel Rauhut, Neelambar Hatti, Carl-Axel Olsson - Economists - 2005 - 362 pages
...sum, according to Smith, economic growth is the key to the wealth of nations (Hollander 1973). Since "[n]o society can surely be flourishing and happy,...greater part of the members are poor and miserable" (Smith 2000b, p. 90), economic growth will also be an important mean of fighting poverty. Smith on... | |
| Alessandro Roncaglia - Business & Economics - 2006 - 596 pages
...favour of the lower classes were not only 'just' but also important to favouring economic development: 'No society can surely be flourishing and happy, of...greater part of the members are poor and miserable' (Smith 1776, p. 96; quoted in Rothschild 1995, p. 714). Let us recall (cf. above, ยง 5.8) that Condorcet... | |
| Raymond W. Baker - Business & Economics - 2005 - 288 pages
...inevitable and tolerable, is the opposite outcome from what he hoped would arise. "No society," he said, "can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."16 Smith's vision has been largely set aside, and instead capitalism has drawn its sustaining... | |
| David Clark - Business & Economics - 2006 - 757 pages
...society. But what improves the circumstances of the greater part can never be regarded as an inconveniency to the whole. No society can surely be flourishing...miserable. It is but equity, besides, that they who feed, cloath, and lodge the whole body of the people, should have such a share of the produce of their own... | |
| Beate Jahn - Political Science - 2006 - 290 pages
...previous forms of society. Indeed, this is the key criterion by which to assess contemporary society: No society can surely be flourishing and happy, of...miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their own... | |
| Knud Haakonssen - Business & Economics - 2006 - 442 pages
...ranks of the people" is of advantage "to the society. " Such an improvement was a matter of justice: "No society can surely be flourishing and happy, of...miserable. It is but equity, besides, that they who feed, cloath and lodge the whole body of the people, should have such a share of the produce of their own... | |
| Philip A. Klein - Business & Economics - 2006 - 428 pages
...could hold a candle to such a feat. Smith's role for his invisible hand was more modest. He also wrote, 'No society can surely be flourishing and happy, of...greater part of the members are poor and miserable' (1776/1985, p. 80). Judging whether society is flourishing and happy is clearly, therefore, more than... | |
| Chana B. Cox - Biography & Autobiography - 2006 - 302 pages
...Thus, the debate was how best to protect the poor and the weak from starvation, for, as Smith says, "No society can surely be flourishing and happy, of...which the far greater part of the members are poor and miserable."43 Moreover, in a commercial society where there are enormous income inequalities, the poor... | |
| John N. Drobak - Law - 2006 - 257 pages
...of the clearest articulations of this priority can be found in Adam Smith. "No society," he argued, "can surely be flourishing and happy, of which the...greater part of the members are poor and miserable." 5 Indeed, it is not adequately recognized (given the championing that Smith gets from the hardnosed... | |
| |