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Good morning, Smithketeers! Time for Book One, Chapter 8 of #AdamSmith's #WealthOfNations. Today, we're talking wages. Not that they're a topic with any contemporary relevance, or anything. #WealthOfTweets #SmithTweets
The things we make by working are the natural wage of our labor. Which is great if SmithTweeters want to get paid in SmithTweets. (I.viii.1) #WeDont #TweetsWontBuyHousesByTheSea #WealthOfTweets #SmithTweets
It’s a state of nature story, like Locke or Hobbes or Rousseau, but Smith’s state of nature is defined by the product of each person’s labor belonging to that person. Sounds great, but again, we don’t want to get paid in SmithTweets. (I.viii.2) #WealthOfTweets #SmithTweets
