Quotation of the Day…
Posted By Don Boudreaux On March 16, 2012 @ 11:26 am In Civil Society,Complexity & Emergence,History,Seen and Unseen | Comments Disabled
… is from page 167 of W.H. Hutt’s essay “The Factory System of the Early Nineteenth Century,” which is Chapter 5 of F.A. Hayek’s 1954 edited collection, Capitalism and the Historians [1] (original emphasis):
One of the main social results of the factory regime seems to have been the evolution of the idea of a wage contract, replacing the former idea of servitude.
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[1] Capitalism and the Historians: http://www.amazon.com/Capitalism-Historians-F-A-Hayek/dp/0415607213/ref=sr_1_1?s=books&ie=UTF8&qid=1331911536&sr=1-1
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