Niall Ferguson Quote
Significantly, Smith singled out its socially regressive character. First, wages for the majority of people were miserably low: Though the wealth of a country should be very great, yet if it has been long stationary, we must not expect to find the wages of labour very high in it . . . It is in the progressive state, while the society is advancing to the further acquisition, rather than when it has acquired its full complement of riches, that the condition of the labouring poor, of the great body of the people, seems to be the
Niall Ferguson
Significantly, Smith singled out its socially regressive character. First, wages for the majority of people were miserably low: Though the wealth of a country should be very great, yet if it has been long stationary, we must not expect to find the wages of labour very high in it . . . It is in the progressive state, while the society is advancing to the further acquisition, rather than when it has acquired its full complement of riches, that the condition of the labouring poor, of the great body of the people, seems to be the
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About Niall Ferguson
Ferguson writes and lectures on international history, economic history, financial history and the history of the British Empire and American imperialism. He holds positive views concerning the British Empire. In 2004, he was one of Time magazine's 100 most influential people in the world. Ferguson has written and presented numerous television documentary series, including The Ascent of Money, which won an International Emmy Award for Best Documentary in 2009.
Ferguson has been a contributing editor for Bloomberg Television and a columnist for Newsweek. He began writing a semi-monthly column for Bloomberg Opinion in June 2020.