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Of the Wages of Labour The produce of labour constitutes the natural recompence or wages of labour. In that original state of things, which precedes both the appropriation of land and the accumulation of stock, the whole produce of labour belongs to the labourer.*1 He has …
Human Nature as the Foundation of Adam Smith’s International Theory
Edwin van de Haar for AdamSmithWorks What can a Scottish Enlightenment-style "science of man" teach us about how to deal with our international neighbors? Van de Haar finds a close connection between Smith's moral philosophy and international politics and … … ’, in Christopher Berry, Maria Pia Paganelli and Craig Smith (eds.), The Oxford Handbook of Adam Smith, Oxford: Oxford University Press, pp. 417-439. Edwin van de Haar (2020), ‘Adam Smith and International Relations’, Adam Smith Works, February 3.
Walter Donway for AdamSmithWorks March 20, 2024 Adam Smith represents a culmination of British Enlightenment philosophy and a pioneering of the philosophy of political economy that shaped the Industrial Revolution. … active career coming toward the close of the Enlightenment and the outset of the Industrial Revolution, he responded with not one but two enduring historical classics that brought the refined wisdom of the former to bear upon the challenge of the latter.
Profitable Business: Adam Smith’s Moral Assessment
Gregory Robson for AdamSmithWorks What we get in Smith is not a utopian view of profitable business, but a humane and realistic assessment of the power of firms and the markets in which they operate to do good in the world. … Smithian political economy. I also thank Daniel Cummings for comments and Adam Gjesdal and Mario Ivan-Juarez for discussion of Smith’s views. Related Links: Steven Horwitz, Adam Smith on the Labor Theory of Value Michael Munger, Division of Labor, Part 1
Adam Smith Helps Andrew Smith Explain Labor Markets
Andrew Smith for AdamSmithWorks "It’s Adam Smith’s 'Invisible Hand' at work - by acting to satisfy our own gain, we direct our work that produces the greatest value not just to ourselves, but to society."
An Introduction to Adam Smith’s “The Wealth of Nations”
… that are particularly significant in identifying the causes of prosperity in a country. These are the division of labor, the nature of wages, and foreign markets. But how do these three factors actually work to increase wealth?" Via Macat Multimedia
The Great Antidote: Lauren Hall on the Medicalization of Birth and Death
Juliette Sellgren with Lauren Hall March 25, 2022 … from Adam Smith on the Erosion of Sympathy in Medicine Lauren Hall, Adam Smith, Sympathy, and Spontaneous Social-Moral Order Amy Tuteur on Birth, Natural Parenting, and Push Back, an EconTalk podcast Michael Munger, I Was Saved by Division of Labor
Teaching with the Wealth of Nations (July 2019)
July 2019 with Alice Temnick … Collection: Can Trade Wars Be Won? o Reading: Wealth of Nations Book IV, Chapter II Of Restraints upon the Importation from Foreign Countries of such Goods as can be Produced at Home o AdamSmithWorks Website: An Animal That Trades: The Free Market
On the Development of Communities
Andrew Smith for AdamSmithWorks July 24, 2020
Tyler Cowen on the Greatest Economist of All Time (GOAT)
Joy Buchanan for AdamSmithWorks Competition is good, right? Buchanan looks at who the top contenders are in the battle to discover the great economist of all time (GOAT) using Tyler Cowen's book with generative AI. … of mentioned economists: Adam Smith, John Stuart Mill, Milton Friedman, John Maynard Keynes Other writing by Joy Buchanan: Taylor Swift's Anti-Hero as a Smithian Anthem and The Invisible Threads: Adam Smith and the Global Second-Hand Clothing Trade
Ferguson on the Advancement of Civil and Commercial Arts
Amy Willis for AdamSmithWorks Part IV of a five-part #ReadWithMe on Adam Ferguson’s An Essay on the History of Civil Society. … of politics Ferguson wants us to be aware of? Why oughtn’t we rely on specialized statesmen alone? (p. 215) What specific dangers to liberty does Ferguson describe? How do these dangers compare to what you see as the gravest threats to liberty today?
Reading Smith Through the American Founding
This lesson plan pairs quotations and original text from Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations with important founding-era American documents to build students' understanding of Smith, the American Founders, and the … … the individuals within it to prosper? In light of this, how does the government constructed by the Founders seek to ensure this means of prosperity? How do Smith and the Founders compare in their views on the dangers to liberty and economic prosperity?
"Saving Adam Smith" Saves My Economics Class
Leah Kilfoyle for AdamSmithWorks June 19, 2020 Saving Adam Smith hit the bullseye for my most recent search for a book that not only covers a number of my state’s standards, but demystifies the broader understanding of Adam Smith’s economics.
Sarah Skwire for AdamSmithWorks September 28, 2020 … do you want to save time for? What are you going to do with it?” “For work, if you love that best,” said Dad. “For education, for beauty, for art, for pleasure.” He looked over the top of his pince-nez. “For mumblety-peg, if that's where your heart lies.”
A Modern Lawyer and Smith’s Lectures on Jurisprudence, Part 2
Clark Neily for AdamSmithWorks October 7, 2019 Ensuring justice in a complex world is a daunting task. But it is the fundamental duty and the true raison d’etre of every sovereign, every elected body, and every legitimate political regime of whatever …
Understanding the Limits of "The Extent of the Market"
In the lesson, the instructor will read passages from Smith and display corresponding maps. Students will investigate each map and discuss how the maps & passages relate to concepts like specialization, scarcity, interdependence, and trade. … a virtual pin factory and make their own pins to highlight Smith’s example of division of labor in action. Lesson three features a timeline activity, where students create timelines of scientific innovations and historical events during the life of Smith.
Bargaining with the Butcher, Baker, and Brewer: A New Look at Smith’s Most Famous Sentences
Jacob Sider Jost for AdamSmithWorks Our desire to persuade each other is not reducible to our pursuit of self-interest in a narrow material sense; it is rather a deep feature of human nature, one we share with the men and women whom we rely on for our …
Review: Muller on Soll's Free Market: The History of an Idea
Jerry Z. Muller for AdamSmithWorks Soll's Smith is scrutinized and Muller demonstrates a minor replication crisis in the Humanities. January 11, 2023 … Z. Muller is Professor Emeritus of History at the Catholic University of America. Among his many books are Adam Smith in His Times and Ours (1993), The Mind and the Market: Capitalism in Modern European Thought (2002), and Capitalism and the Jews (2011).
Muller on Soll's Free Market: The History of an Idea
Jerry Z. Muller for AdamSmithWorks Soll's Smith is scrutinized and Muller demonstrates a minor replication crisis in the Humanities. January 11, 2023 … Z. Muller is Professor Emeritus of History at the Catholic University of America. Among his many books are Adam Smith in His Times and Ours (1993), The Mind and the Market: Capitalism in Modern European Thought (2002), and Capitalism and the Jews (2011).
The Women of the Smith Questionnaire
Christy Lynn for AdamSmithWorks The Smith Questionnaire is a fun way to learn about Adam Smith and those who study and enjoy him. As Women's History month wraps up, take 5-10 minutes to learn a little more from the women of the Smith Questionnaire.