On the record
Adam Smith had declared the source of value to lie in labor; and, at the moment of its deepest agony, there were men willing to point the moral of his tale.
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Harold J. Laski
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gutenberg.orgHarold J. Laski: “Adam Smith had declared the source of value to lie in labor; and, at the moment of its deepest agony, there were men…”
Editor's note · Context
Laski reflects on Adam Smith's views on labor and value, emphasizing the moral implications of economic theories.
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More from Harold J. Laski
He is able, accordingly, to indulge in the twofold luxury not only of preserving his own authority, but also of assisting the persons attacked to enter, if they so choose, the way of truth.
To deny novelty or grievance a right of expression is a certain, if, indeed, an ultimate, validation of the truth they contain.
We grant it in religion to deny it in politics; we grant it in politics, to deny it in economic matters.
Ultimately, that denial is always made upon the same ground: it is insisted that the doctrines or practices attacked are subversive of the civil order.
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