The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real question concerns the proper means of achieving it. And in trying to answer this we must never lose sight of a few elementary truisms. We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.


Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics (ed. Crown Business, 2010) - ISBN: 9780307760623


The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real...

The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real...

The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real...

The question is not whether we wish to see everybody as well off as possible. Among men of good will such an aim can be taken for granted. The real...