The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
- Milton Friedman
And you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold.
- Richard Hovey
If the machinery for distribution in the present economic system of the world is incapable of properly distributing the productive wealth of nations, then that system is false and must be altered.
- Gregor Strasser
We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men.
- Francis Wright
- Milton Friedman
And you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold.
- Richard Hovey
If the machinery for distribution in the present economic system of the world is incapable of properly distributing the productive wealth of nations, then that system is false and must be altered.
- Gregor Strasser
We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men.
- Francis Wright
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