Adam Smith and the Farm Worker Paradox

Michael Perelman

Chapter 1 in The Perverse Economy, 2003, pp 7-19 from Palgrave Macmillan

Abstract: 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 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-8026-7_2

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DOI: 10.1057/9781403980267_2

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