Mises Wire
Author:
Phil Duffy
Online Publish Date:
For those who have any exposure to the subject, Adam Smith is the father of modern economics. Few have heard of Richard Cantillon. Both wrote on the subject of wealth dismiss the importance of that concept. With the benefit of two more centuries of economic experience, the twentieth-century economist Ludwig von Mises saw He recognized the different skill levels of labor but ultimately attributed the growth of wealth, and human flourishing, to the division of labor. He stated in The