Adam Smith, one of the quoted people, said that gentry practice of dividing their estates was good because make them work just to return to the wealth they had grown up with. Actually, I think his point was less about effort than about overcoming risk aversion.
Adam Smith, one of the quoted people, said that gentry practice of dividing their estates was good because make them work just to return to the wealth they had grown up with. Actually, I think his point was less about effort than about overcoming risk aversion.