ONE-SIDED VIEW.
Adam Smith's book, "The Wealth of Nations," was very badly treated by. the one-sided manner in which it was used. The Archbihop's committee points out that almost the only lesson which the ruling classes learnt from Adam Smith was that under perfect freedom, wages and prices and industry would all find their naturar level. They took no jnotice of the fa'cti jKat he denounced the corn laws and other protective duties, and the laws that made combination il/egal a.m<!>ng workmen, «nd those Acts whicii restricted the freedom of labour; they took no notice of his ;proposal. to tax ground .rents and not food, that he pointed out that Mgh wages increased population, industry, and production, that hours of labour ought to be moderate, and that high profits had bad effects. —Rev. T. Rhonddha Williams.
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Northern Advocate, 11 August 1919, Page 4
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136ONE-SIDED VIEW. Northern Advocate, 11 August 1919, Page 4
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