SMITH AT 300: THE NATURAL RECOMPENSE OF LABOR

David Andrews

Journal of the History of Economic Thought, 2023, vol. 45, issue 2, 204-205

Abstract: There is a great deal of poetry, wit, and wisdom in the writings of Adam Smith, and many wonderful passages. I like this one for several reasons. I like its grammatical austerity. I like that it is active rather than passive. I like the way the verb in the present tense gives the impression of indefinite continuation. I like the way the dual, hylomorphic, meaning of “produce,” as both the act of producing and also the material result of production, corresponds nicely with the dual, hylomorphic, meaning of “constitutes,” as both the act of imposing form and also as the matter of which the product consists.

Date: 2023
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