Thursday, February 26, 2009

Unlimited work to be done

The spread-the-work schemes rest also, as we began by pointing out, on the false assumption that there is just a fixed amount of work to be done. There could be no greater fallacy. There is no limit to the amount of work to be done as long as any human need or wish that work could fill remains unsatisfied. In a modern exchange economy, the most work will be done when prices, costs and wages are in the best relations with each other.


Another forgotten and ignored truth from Hazlitt's Economics in One Lesson.

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