Favourites
Posts in The Copybook tagged ‘Favourites’
George Stephenson won the admiration of French navvies by showing them how a Geordie works a shovel.
George Stephenson was arguably history’s most influential engineer, yet he never really gave up being a Northumberland miner. He always retained his Geordie ordinariness, and was never happier than when he was among his fellow working men.
Adam Smith asks employers to pay the most generous wages their finances will allow.
Adam Smith would not have liked the so-called Living Wage. ‘Law can never regulate wages properly,’ he wrote, ‘though it has often pretended to do so.’ But he did like generous wages, out of hard-headed business sense - an argument much more likely actually to raise wages than merely cost jobs.
Adam Smith encourages employers to restrict working hours to reasonable limits, for humanity and for profit.
Adam Smith urges employers not to tempt their employees to overwork. It leads to burn-out and a loss of productivity; and in the worst case scenario, the grasping employer must invest wholly avoidable time and money in training up a replacement.
Pauline de Meulan’s magazine Publiciste was close to going out of business when an anonymous contributor stepped in.
François Guizot (1787-1874) was the 17th Prime Minister of France, and a historian with a particular affection for England. ‘If he was treated with harshness by his political enemies,’ wrote Samuel Smiles, ‘his consolation was in the tender affection which filled his home with sunshine.’
A nation with its own laws and a strong sense of shared cultural identity makes good economic sense.
Adam Smith argues that preferring to live in a sovereign nation, with a strong sense of shared cultural identity and well-drafted, homemade laws, is not a matter of prejudice. It is a matter of sound economic reasoning, for every country of the world.
Adam Smith warns that politicians are the last people who should lecture the public about how to run their affairs.
Adam Smith, the pioneering Scottish economist, objected very strongly when politicians criticised the public for their spending habits. Private individuals alone actually create wealth, he said. By definition, Governments spend other people’s money and never make a penny in return.