smith's modern economy

Essay specific features





Written by:

Curtis M


Date added:

August 18, 2015








No of pages / words:

1 / 274


Was viewed:

7735 times


Rating of current essay:

Essay content:

In Smith's logic, it could not be. The very first topic Smith takes up is the division of labor. Smith argues that increasing the division of labor increases productivity. In one of the most famous passages in the book, Smith illustrates this tendency by a description of work in a pin factory: Like modern economists, Smith believed that the standard of living (the Wealth of a Nation) could rise only if the productivity of labor would rise...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $11.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote


For Smith, the most important force leading to a rising standard of living was division of labor. What most people associate with Adam Smith is the idea of the "invisible hand;" the idea, that is, that free markets restrain prices to some "natural" level and assure the supply of goods and services at the "natural" price...
displayed next 300 characters

General issues of this essay:

Related essays: