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Adam Smith and the Farm Worker Paradox

  • Michael Perelman
Chapter
  • 62 Downloads

Abstract

My question—why those whose work is most necessary typically earn the least—has a noble pedigree. Almost two and a half centuries ago, Adam Smith, often considered to be the patron saint of economics, also puzzled over the unfortunate fate of farm workers. In fact, this very question seems to have provoked him to formulate the centerpiece of his economic theory—the division of labor.

Keywords

Social Relation Natural Resource Base Complex Economy Patron Saint Complex Supply Chain 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Michael Perelman 2003

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  • Michael Perelman

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