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Liberty Fund, Inc.
Chapter I: Of the Division of Labor … ’s Treasure by Forraign Trade, chap. iii., at end; Locke, Civil Government, § 43; Mandeville, Fable of the Bees, pt. i., Remark P, 2nd ed. 1723, p. 182, and perhaps Harris, Essay upon Money and Coins, pt. i., § 12. See Lectures, pp. 161-162 and notes.]
Adam Smith and the Knowledge Problem
Jon Murphy
October 20, 2021 ...the division of labor means a division of knowledge. … mind.” Related Links Michael Munger, Division of Labor Part 3: The System of Exchange An Animal That Trades video series, Part 3: Division of Labor Jack Weinstein, Adam Smith on Education: Schooling Jon Murphy, Adam Smith and the Presumption of Liberty
Live a Happier Life with the Concept of the Division of Labor
Rachel Ferguson
September 24, 2020 … . That’s how “the division of labor occasions, in every art, a proportionable increase of the productive powers of labor.” Isn’t that cool? Related Links: Charlotte Thomas, Adam Smith and Aristotle An Animal That Trades vide series, Division of Labor
H.G. Wells should have read Adam Smith: Do the Eloi and Morlocks Trade?
James E. Hartley
… trade by imagining the division of labor becomes so acute that trade is no longer necessary. But, as Smith again would note, Wells has the causality backwards... The division of labor is the result of the impulse to trade, not the cause of trading." … . Other pieces by James Hartley: Star Trek and Adam Smith: Sympathy of the Vians; Hidden Revolutionaries: Tristram Shandy and Adam Smith; Money, Wealth, and Whuffie An Animal That Trades video series Brianne Wolf's Why does the Division of Labor Matter?
Adam Smith Comics: The Boy Loved To Play
Jason Meadows and Jeremy Lott
June 4, 2023 One of the major benefits of the division of labor is breaking down complex processes into simple ones, then regular people can find improvements in the system. And maybe even spend more time fishing. … is the Great Antidote, and The Race. Paula Richey and Jeremy Lott's AdamSmithComics: The Opening of The Theory of Moral Sentiments and The Butcher, The Baker, and the Brewer Jason Meadows and Jeremy Lott's Adam Smith Comics: Trinkets of Frivolous Utility
Cities as Centers of Innovation: Lessons from Edinburgh and Paris
Chelsea Follett
February 7, 2024 Where and when does progress happen? Certain places at certain times are special and Follett show why with two examples close to the life of Adam Smith: Edinburgh, Scotland and Paris, France. … consider joining me on a journey through the book’s pages to some of history’s greatest centers of progress, and that doing so sparks many intelligent discussions, debates, and inquiries in the Smithian tradition about the causes of progress and wealth.
Chapter II: Of the Principle which gives Occasion to the Division of Labor … in their mental powers and faculties, ere cultivated by education’.—’Of the Original Contract,’ in Essays, Moral and Political, 1748, p. 291.] 47. [‘Perhaps’ is omitted in eds. 2 and 3, and restored in the errata to ed. 4.) 48. [Lectures, pp. 170-171.]
I Was Saved by Division of Labor
Michael Munger
March 1, 2022 No one in the “republic of science” foresaw the set of spontaneous orders that would be elaborated and constantly updated when the foundational discoveries were being made. Nevertheless, this procedure, “catheter ablation for A-fib,” is now … … division of labor. Want to Read More? Mike Munger’s three part Essay Series on Division of Labor, AdamSmithWorks Marko Veckov, What Would We Do Without Division of Labor, Speaking of Smith An Animal That Trades video series, Part 3: Division of Labor
The Labor Theory of Value Lacks Value
Isadore Johnson
March 8, 2022 If the labor theory of value is correct, profit is a problem rather than a solution. Since profit can only come from exploitation, and exploitation is to be avoided, most endeavors should be neutral if not ending up in the red. … t. Want to Read More? Steven Horwitz, Adam Smith on the Labor Theory of Value, AdamSmithWorks Russ Roberts, The Power of Trade Part 1: The Seemingly Simple Story of Comparative Advantage, Econlib David Prychitko, Marxism, Concise Encyclopedia of Economics
Guidebook to the Wealth of Nations: CH 6 Book II
… increases when capital can accumulate, and thus support more division of labor. That the accumulation of capital rather money is the source of wealth is also testified by interest rates, which are based on the demand and supply of capital, not of money.
Social Cohesion and Economic Prosperity
Aviral Chawla
August 3, 2022 Fractured societies will be less able to benefit from the prosperity that's possible with a more cohesive social existence. Smith saw this and offers his conception of "sympathy" and recommendations on education of the lowers classes as way … … is sustained. Author note: This essay is a revised and excerpted extract from, "The Moral Education of the Wealth of Nations: Smith’s Moral Argument for Public Education in a Free Market Economy," my senior essay (St. John's College, Santa Fe, 2022).
Guidebook to the Wealth of Nations: CH 10 Book V.1
… most strenuous situations, local funds may help provide for the physical location of schools, but salaries of teachers and professors should remain based on students’ fees, to avoid the shirking derived by a remuneration fixed and independent from merit. … Richard Sher “Adam Ferguson and Adam Smith and the problem of National Defense” Journal of modern History 1989 Edwin G. West “Adam Smith’s Public Economics” Gary Anderson “Mr. Smith and the Preachers” Iannacone “Consequences of religious market structure”
An Interview with Adam Smith: Part 2
Alejandra Salinas
December 23, 2020 This text presents Smith’s ideas in the manner of an imaginary dialogue or interview with a contemporary person, where Smith answers the questions of our time (formulated here in the voice of the interlocutor) mainly on the basis of the …
Guidebook to the Wealth of Nations: CH 10 Book V.1
… most strenuous situations, local funds may help provide for the physical location of schools, but salaries of teachers and professors should remain based on students’ fees, to avoid the shirking derived by a remuneration fixed and independent from merit. … Richard Sher “Adam Ferguson and Adam Smith and the problem of National Defense” Journal of modern History 1989 Edwin G. West “Adam Smith’s Public Economics” Gary Anderson “Mr. Smith and the Preachers” Iannacone “Consequences of religious market structure”
Adam Smith and the Labor Theory of Value
John A. Robinson and J. Robert Subrick
April 26, 2023 What is being explained and what is the explanation? Robinson and Subrick argue that Smith saw the pitfalls of a labor theory of value (LTV) but used it as a noble lie to affirm the moral value of labor and argue that it receives fair … … Skinner, 2 vols. Oxford: Oxford University Press. Smith, Adam. 1976 [1790]. The Theory of Moral Sentiments, eds. D. D. Raphael and A. L. Macfie. Oxford: Oxford University Press. Young, Jeffrey. 1997. Economics as a Moral Science. Cheltenham: Edward Elgar.
Why Read Adam Smith Today? Enduring Insight
Peter Boettke
After a year-long celebration of Adam Smith's birth in 2023, Peter Boettke addresses those still not well-versed with Smith's magisterial work of political economy. … economics, law and economics, economic sociology, New Institutional Economics, and the entrepreneurial theory of the market process all would suggest Boulding was right in his assessment well before the scientific consensus turned in that direction.
Adam Smith and J.B. Say on the Division of Labor
via the Online Library of Liberty
Sarah Skwire and Janet Bufton
Of the Rent of Land (cont.) … over at AdamSmithWorks.org https://www.adamsmithworks.org/educational_resources/wn-reading-guide-book-i See you tomorrow for Book Two!! It's full of stock, money, and banking! (@lawrencehwhite1 and @GeorgeSelgin have been waiting breathlessly for this!)
“Who are you wearing?” Fashion production in the age of Adam Smith
Caren Oberg
June 10, 2020 … in Eighteenth-century Scotland.” Fashion Practice. 10:2, 213-235 Ulrich, L.T. (2001) The Age of Homespun: Objects and Stories in the Creation of an American Myth. New York: Knopf Waugh, N. (1971) Corsets and Crinolines. New York: Theater Arts Books