Wealth of nations: V.i.a.44, p. 708: In modern war the great expence of
fire-arms
gives an evident advantage to the nation which can best afford that
expence; and consequently, to an opulent and civilized, over a poor
and barbarous nation. In ancient times the opulent and civilized
found it
- Original Message -
From: michael perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, December 25, 2001 9:01 PM
Subject: [PEN-L:20925] Adam Smith on the Afgan War
Wealth of nations: V.i.a.44, p. 708: In modern war the great
expence of
fire-arms
gives an evident
By preferring the support of domestic to that of
foreign industry, he intends only his own SECURITY;
and by directing that industry in such a manner as
its produce may be of the greatest value, he
intends only his own gain, and he is in this, as in
many other cases, led by an invisible hand to
"As will be seen more in detail in the fourth book of this work, Adam Smith
has not established a single new proposition relating to division of
labour. What, however, characterises him as the political economist par
excellence of the period of Manufacture, is the stress he lays on div
Adam Smith is a strange duck. He is violently against everybody, except
the petty bourgeoisie. He supports hard working artisans, but considers
most workers part of a mob. He resents the successful businessmen,
assuming that they succeeded by behaving unfairly. His antagonism
toward almost
public, and who accordingly have,
upon many occasions, both deceived and oppressed it."
The comments on Adam Smith by Norman Solomon of FAIR jibes with the
analysis presented by David McNally in "Against Market Socialism" where he
says:
"The Wealth of Nations rings with an i
Just testing folks!
Cheers, Ajit Sinha
Original message
Ajit, what kind of system do you have that makes linking up with
pen-l such a pain??
in pen-l solidarity,
Jim Devine
[EMAIL PROTECTED] or [EMAIL PROTECTED]
Econ.
To my earlier posting on Adam Smith, where I argued that there is an
intermixing of labor-embodied and labor-commanded measure of value in Adam
Smith and that this can be understood by placing his work as a pivotal work of
transition where on the one hand the author is inaugurating a new
For Jim Devine and others--
You may have seen this before, but just in case. Recall Adam Smith
begins the Wealth of Nations with a paen to the division of labor.
Many people don't get much further than this. But if we make it to
book v,"the expenses of the sovereign," part III "
