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Ep. 2298 Adam Smith: A Warning from Gene Epstein

The Tom Woods Show

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The Walmart Greeter

Rothbard: The Marxist critique of what the capitalist likes to do has some validity in that, again, the restaurant or any workplace. If you want to employ cheap labor, think about how you can simplify the task, spread them out among a number of different people so you don't have to pay a whole lot of money for intelligent skilled labor. It is true to try to think of the labor process as relatively simple. Rothbard: There's so much mess in Adam Smith. Although, let me come down on him a little bit because he seems to be correct in saying that Adam Smith was very zealous in running the tariff board.

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