Sep 11– From The Wealth of Nations by Adam Smith (1776) edited by C. J. Bullock PHD

The union makes us strong

Sep 11– From The Wealth of Nations by Adam Smith (1776) edited by C. J. Bullock PHD

Summary:  Adam Smith explains why you need a union.

Commentary: If Libertarians actually read Adam Smith, they wouldn't be Libertarians anymore. Smith succinctly explains the need for unions (workers uniting to make sure employers don't undervalue their labor) as well as casually discarding any pretense that the minimum wage should be less than sufficient to support someone (and their family). Then he talks about how men should want to marry widows with lots of kids. Adam Smith loves stepdads.

There's an interesting bit (and relevant today) about how America's economy is doing better than Britain's not because it's larger (though it is now) but because it's growing faster.

Now, this is technically an edited version, but my understanding is that Bullock mostly trimmed Smith's rambles, so I doubt it was much less "progressive" in the original.