Notable Quote – Edwin Cannan

by Skip

I hope that no teacher in the [London] School [of Economics] will ever give any countenance to the pernicious belief that steady and honest service in satisfying the demand of the people for the necessaries and conveniences of life is something to be ashamed of because it is profitable. The modern workman and the modern trader can practice virtue as well as a Greek philosopher, a mediaeval begging friar, or a twentieth-century social reformer.

-Edwin Cannan ( An Economist’s Protest)

Profit is moral

(H/T: Cafe Hayek)

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