Adam Smith on Poverty An Economist’s View Sunday, June 22, 2008
Gavin Kennedy finds Don Arthur at Club Troppo asking “What if Adam Smith was Right about Poverty?” This relates to the idea often heard in debates about poverty that since the material well-being of the poor has increased over time, there’s no need to worry about inequality:
I am really surprised at the number of Christians that do not understand, “the poor will always be with you.”, or the number of economic reporters that haven’t read Adam Smith’x remarks on the same topic.
How am I to understand you as being educated? Except in the sense of beyond your intelligence?