increasing the fund for productive hands

Gavin Kennedy

Chapter 10 in Adam Smith, 2008, pp 168-186 from Palgrave Macmillan

Abstract: Abstract Wealth of Nations presented the elements of a theory of growth (not a model),1 which was supported, in Smith’s style, by evidence and speculation. The implied ‘theory’ is not presented in a manner with which modern economists are comfortable, because Smith weaves into his account a fair amount of historical detail. Nevertheless, it was an important part of his thinking and made a contribution to what became early ‘classical growth theory’.

Keywords: Political Economy; Moral Philosopher; Growth Trajectory; Neoclassical Economist; Social Product (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230227545_11

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