Adam Smith | Critical Essay by Albion W. Small

This literature criticism consists of approximately 24 pages of analysis & critique of Adam Smith.
This section contains 8,598 words
(approx. 29 pages at 300 words per page)
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Critical Essay by Albion W. Small

SOURCE: "The Economics and Sociology of Labor," in Adam Smith and Modern Sociology: A Study in the Methodology of the Social Sciences, The University of Chicago Press, 1907, pp. 79–154.

In the following excerpt, Small comments on the extent to which extra-economic factors such as sociology and psychology enter into Smith's analysis in The Wealth of Nations, and also compares Smith's economic theories with those of Karl Marx.

[The Wealth of Nations] was primarily a technological inquiry, with the ways and means of producing national wealth as its objective; it assumed that this interest had a value of its own; at the same time it assumed that this interest in production is tributary to the interest in consumption; it assumes, further, that the wealth interest in general is but a single factor in the total scheme of human...

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This section contains 8,598 words
(approx. 29 pages at 300 words per page)
Buy the Critical Essay by T. D. Campbell