We have to pause now, because we have to have a whole new tweet thread on #AdamSmith and “savage nations,” because he’s going to keep using this kind of phrase, so we need to talk about it. #WealthOfTweets#SmithTweets
Please know that your friendly SmithTweeters give heavy side-eye to Smith’s use of phrases like “savage nations” and “naked savages” and so on. They are obviously shocking to the modern ear, and they should be. #WealthOfTweets#SmithTweets
“Well, it’s the 18th century, what do you expect?” just isn't a sufficient explanation. #WealthOfTweets#SmithTweets
The 21stC changed from talking about the First World/Third World to talking about developed/developing nations. That’s a good change and a respectful one. The terms we use for countries will continue to change. See: npr.org/sections/goats…
Probably the best way to think about Smith’s use of the term “savage nations” is to think of it as its own developmental stage on its way to a better set of terms for talking about the differences among nations. borgenproject.org/alternative-to…#WealthOfTweets#SmithTweets
Because it would be a shame to let the phrasing get in the way of discussing his ideas, which are often much better than his contemporaries' (Hume, this shade's on you) on these issues. #WealthOfTweets#SmithTweets
Remember he explicitly rejects the idea that climate/location predicts anything about industriousness, morality, etc. No matter how it sounds to us, Smith is not implying something about the character or capacity of the people in these nations. #WealthOfTweets#SmithTweets
It’s not about race, either. Smith was anti-slavery for moral and economic reasons, and seems to have no sense that race or nation of origin determined one’s ability to be a smart, diligent, dignified human. #WealthOfTweets#SmithTweets
So what DOES Smith mean when he talks about "savage nations?" He is referring to countries and people who are living in an earlier stage of economic development than those in "civilized" nations. (Ugh. We know.) #WealthOfTweets#SmithTweets
So continue to give it heavy side-eye. We certainly will. It is a thing to be critical of in Smith. There will be more of those things, and we should criticize them! But we do not think any of them are a reason to dismiss him wholesale. #WealthOfTweets#SmithTweets
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Today we come to the topic @EconTalker has called one of the more underemphasized lessons from #AdamSmith: That the Division of Labor is limited by the Extent of the Market. a.k.a Book 1 Chapter 3. #WealthOfTweets#SmithTweets
We love ya, Smith, but we see why people don't dwell on this chapter. Unless they are really into the navigable waterways of the late 18th century. (I.iii.3–8) #WealthOfTweets#SmithTweets#RiverEnthusiastsRejoice
The first two paragraphs of this chapter are the meatiest. Then things get a little...#WealthOfTweets#SmithTweets
Divsion of labor, Smith said yesterday, is responsible for a whole heckuva lot. But who thought of it? Nobody! It's "not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion." (I.ii.1) #WealthOfTweets#SmithTweets
There's no mastermind behind economic exchange, our "propensity to truck, barter, and exchange one thing for another" (I.ii.1) arises out of our natural tendency to persuade one another and better our condition. #WealthOfTweets#SmithTweets
Here we go! Tweeting our way through #WealthOfNations! It’s a marathon, not a sprint, so be sure to stretch, stay hydrated, and keep a steady pace. #WealthOfTweets#SmithTweets
That’s one heck of a first sentence, Dr. Smith. No dithering here. The division of labor is the secret sauce that increases productivity. (I.i.1) #WealthOfTweets#SmithTweets
We always forget the pin factory comes this early and that Smith looks at it not because pins are important (though they are!) but because it’s a small industry that you can look at all at once.(I.i.3) #WealthOfTweets#SmithTweets
Today, we’re looking at “The Introduction and Plan of the Work” because although it is New Year’s Day, we, the SmithTweeters, are still Very Serious Smith Scholars. #WealthOfTweets#SmithTweets
TFW you start reading “The Introduction and Plan of the Work” and realize that elevator speeches were invented before elevators. #WealthOfTweets#SmithTweets