Day: June 8, 2011

Riddle me theseRiddle me these

Tetman Callis 3 Comments 10:02 am

“Why do classical economists believe that free trade is good for everyone?  Why does the amount of gold kept in the treasury not make much difference to a country’s wealth?  Why don’t better machines for making pins eliminate jobs for good, instead of making more jobs of another kind?  Why, for that matter, does it not matter whether we’re productive in farming or manufacturing so long as we’re productive?  What does productivity even mean?” — Adam Gopnik, “Market Man”