3 ms·
Cheers, that was a good read. I'd still attribute the argument to Marx, because Smith doesn't seem to link this effect with the inherent values of capitalism.
by bicubic 8y ago
Cheers, that was a good read. I'd still attribute the argument to Marx, because Smith doesn't seem to link this effect with the inherent values of capitalism.
Turns out there's also a wikipedia page outlining the history of this line of reasoning:
https://en.wikipedia.org/wiki/Division_of_labour#Henri-Louis_Duhamel_du_Monceau https://en.wikipedia.org/wiki/Division_of_labour#Henri-Louis...
- bachbach 8y agoBut the word 'Capitalism' did not exist in Smith's day!