Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases. — John Chamberlain Copy Share Image
“No, the art of government was to curb and guide men’s greedy appetites into useful courses, so that, as the Scottish economist Adam Smith proposed, private vice could be public gain. Hamilton” — Hugh Brogan Copy Share Image
