...number than would otherwise be disposed to enter into them, occasions a very important inequality in the whole of the advantages and disadvantages of the different employments of labour... (p. 129) It frequently happens that while high wages are given to the workmen in one manufacture, those...

...accept risky jobs for higher pay, they implicitly consent to the hazards. As Adam Smith expressed it, "the whole of the advantages and disadvantages of the different employments of labor" continually tend toward equality because the wages vary according to the hardship of the occupation.'...

...attractiveness and that any short-run differences in attractiveness would disappear in the long run: The whole of the advantages and disadvantages of the...employments of labour and stock must, in the same neighborhood, be either perfectly equal or continually tending to equality. If, in the same neighborhood,...

...Ricardo's Works, Principles of Political Economy, chap. i. 12 In order that this equality may take place in the whole of the advantages and disadvantages of the different employments of labour and stock, three things are requisite, even where there is the most perfect freedom. First, the employments must...

...general principle, that 'the whole of the advantages and disadvantages of different employments of labour must, in the same neighbourhood, be either perfectly equal or continually tending to equality, in a society where every man was perfectly free to choose what occupation he thought proper, and to...

...labourer ten times the amount necessary for the subsistence of a family. Adam Smith has laid down, that "the whole of the advantages and disadvantages of the different employments of labour and capital must, in the same neighbourhood, be either perfectly equal or continually tending to equality....

...et al. (Indianapolis, Ind.: Liberty Classics, l978), i.l4, v.l42. l4. This is because. Smith argues, "the whole of the advantages and disadvantages of the different employments of labour and stock ... be either perfectly equal or continually tending to equality" ( The Wealth of Nations, Ixal). l5....

...employment and from place to place. First, the policy of Europe occasions a very important inequality in the whole of the advantages and disadvantages of the different employments of labour and stock, by restraining the competition in some employments to a smaller number than might otherwise be disposed...

...old as modern economic science itself. Adam Smith, the founding father of this idea, described how '...the whole of the advantages and disadvantages of the different employments of labor and stock must, in the same neighborhood, be either perfectly equal or continually tending toward...

...those pursuits are driven down until, at some point, the returns from all opportunities are equalized. The whole of the advantages and disadvantages of the...perfectly equal or continually tending to equality.... This at least would be the case in a society... where there was perfect liberty.... Every man's interest...