Political Economy Book Club discusses Wealth of Nations Book V

November 12, 2014 @ 6:00 pm
Henry George School suite 1207
30 East Adams Street
Chicago, IL 60603
Bob Matter
312 450 2906
Image Credit: Funky Tee (cc) via flickr
Image Credit: Funky Tee (cc) via flickr

An injudicious tax offers a great temptation to smuggling. But the penalties of smuggling must rise in proportion to the temptation. The law, contrary to all the ordinary principles of justice, first creates the temptation, and then punishes those who yield to it…

— Adam Smith

Book V of Adam Smith’s classic is entitled “Of the Revenue of the Sovereign or Commonwealth,” includes the above as well as many thoughtful passages about what we nowadays call public finance.  Our Political Economy Book Club  will discuss this final part of Wealth of Nations on Wednesday, November 12.  You can download or read the book on line from several sources, borrow it from many public libraries, or purchase a copy inexpensively.

For further information or to let us know you’re coming, email PEBC coordinator Bob Matter or call 312 450 2906.