Securing the Fruits of Labor
Book description
In his comprehensive study of the economic ideology of the early republic, James L. Huston argues that Americans developed economic attitudes during the Revolutionary period that remained virtually unchanged until the close of the nineteenth century. Viewing Europe's aristocratic system, early Americans believed that the survival of their new republic…
Why read it?
1 author picked Securing the Fruits of Labor as one of their favorite books. Why do they recommend it?
The urge to limit vast accumulations of individual wealth, the historian James Huston reminds us in this 1998 deep dive into America’s largely forgotten past, turns out to be as American as apple pie.
The new American nation, as John Adams put in in 1776, would only be able to preserve the “balance of power on the side of equal liberty and public virtue” by dividing the nation’s land “into small quantities, so that the multitude may be possessed of landed estates.”
Thomas Jefferson fully agreed. A republic, he insisted, “cannot invent too many devices for subdividing property.” Our founders…
From Sam's list on why we need a world without billionaires.
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