On page 244, Smith reiterates what he said before about not counting money when reckoning wealth. This–both his reasoning and my problems with it–are covered in my earlier posts, so there’s no point my restating them.
On page 245 he talks about the substitution of paper for gold and silver, and from there discusses the proportion [...]
TWoN Book 2 Chapter 2 Part 4
June 28th, 2009 · 6 Comments
Tags: Steve · The Wealth of Nations