-icon.png "Image from WikiMedia.org"){kind=icon} | Jean-Charles-Leonard Simonde De Sismondi (May 9, 1773 - June 25, 1842) on Economics and Social Issues(published by RevoltSource) |
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| Jean-Charles-Leonard Simonde De Sismondi (May 9, 1773 - June 25, 1842) on Economics and Social Issues(published by RevoltSource) |
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Swiss Historian, Political Economist, best Known for his Works on French and Italian History, one of the First Liberal Critics of Laissez-faire Economics, Pioneering Advocate of Unemployment Insurance, Sickness Benefits, and a Progressive Tax
: A Swiss historian and political economist, who is best known for his works on French and Italian history, and his economic ideas. His Nouveaux principes d'?conomie politique, ou de la richesse dans ses rapports avec la population (1819) represents the first liberal critique of laissez-faire economics. (From: Wikipedia.org.)
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Quote #7 on Economic Struggle Quotes >> Economics and Social Issues
“...whilst the effect of increasing capital is generally to concentrate labor in very large manufactories, the effect of great opulence is almost entirely to exclude the produce of those large manufactories from the consumption of the opulent man. The diffusion of wealth, therefore, still more than its accumulation, truly constitutes national prosperity, because it keeps up the kind of consumption most favorable for national re-production.”
Source: "Political Economy," by Jean-Charles-Leonard Simonde de Sismondi, 1815 Chapter 4.
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