Smith, Adam

Smith, Adam
(1723-90)
An eminent Scottish philosopher and social theorist, Professor of Logic then Moral Philosophy at the University of Glasgow, whose influential publications include The Theory of Moral Sentiments(1759), An Inquiry into the Nature and Causes of the Wealth of Nations (1776), and Essays on Philosophical Subjects (1795).
Smith is best known as an economist-although even The Wealth of Nations is much more than simply a treatise on economic affairs. A total philosophy of society, rather than a narrowly economic perspective on social action, is suggested by passages such as the following: ‘Commerce and manufactures gradually introduced order and good government, and with them, the liberty and security of individuals, among the inhabitants of the country, who had lived before almost in a continual state of war with their neighbours, and of servile dependency upon their superiors.’
Smith's exposition of the division of labour (which precedes his analysis of prices, resources, and distribution) is concerned to show that it is by dividing the labour process into increasingly specialized roles that industry advances and nations become rich. The first three chapters of The Wealth of Nations locate the origins of the division of labour in the propensity peculiar to human nature ‘to barter, to truck and to exchange’; explain how this is limited by the extent of markets; and observe its effects in massively increased production, as in the celebrated example of the manufacture of pins, such that ten people prepared to break this process down into its constituent eighteen parts will produce 48,000 pins in a day, whereas each working on their own could hope only to make a fraction of this total. In Smith's view, the division of labour increased production by increasing the dexterity of the worker, who was able to concentrate on fewer processes; by saving time, in making the concentration of the worker task-specific; and by encouraging the invention of labour-saving devices.
However, Smith was not blind to the deleterious effects of the division of labour, and accepted that, where individuals were confined to performing only one or two limited and repetitive operations, this could render them ‘as stupid and ignorant as it is possible for a human character to become’. He advocated the expansion of education as a means by which governments could combat the atomization and alienation implicit in the advanced division of labour. Unlike later classical economists, he also envisages the state taking an active and wide-ranging part in the organization of social affairs, going beyond the mere provision of justice, defence, and public works. There is, therefore, an ambivalence in his writings that has tended to be overlooked by free-market economists (but see, ‘Adam Smith's Two Views of the Division of Labour’, Economics, 1964)

Dictionary of sociology. 2013.

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  • Smith, Adam — (1723–1790)    The founding theorist of classical political economy, Adam Smith was educated at Glasgow, where he came to know many of the key figures of the Scottish enlightenment, and at Balliol, Oxford. He became friends with David Hume and,… …   Encyclopedia of the Age of Imperialism, 1800–1914

  • Smith, Adam — (baptized June 5, 1723, Kirkcaldy, Fife, Scot. died July 17, 1790, Edinburgh) Scottish social philosopher and political economist. The son of a customs official, he studied at the Universities of Glasgow and Oxford. A series of public lectures in …   Universalium

  • Smith, Adam — (1723–1790) Scottish philosopher and economist. Although best remembered as an economist, Smith was a polymath, and an eminent social theorist and moral philosopher. Born in Kirkcaldy, he was educated at Glasgow university and Balliol College,… …   Philosophy dictionary

  • Smith, Adam — ► (1723 90) Filósofo y economista escocés. Publicó Theory of Moral Sentiments, en la que establece el fundamento de toda moral: la simpatía hacia nuestros semejantes. La naturaleza, mediante la simpatía, nos hace solidarios con los demás. Afirma… …   Enciclopedia Universal

  • SMITH, Adam — (1723 1790)    Scottish moral philosopher and founder of the discipline of economics through his book The Wealth of Nations (1776) which is often seen as the textbook of CAPITALISM. Although he argued for a free market economy, Smith was highly… …   Concise dictionary of Religion

  • SMITH, ADAM —    political economist, born in Kirkcaldy, Fife; studied at Glasgow and Oxford, went to Edinburgh and became acquainted with David Hume and his confrères; was appointed to the chair of Logic in Glasgow in 1751, and the year after of Moral… …   The Nuttall Encyclopaedia

  • Smith, Adam — (1723 1790)    Political economist. Filled successively the chairs of logic and of moral philosophy at Glasgow. In 1766 published his great work, The Wealth of Nations.    Index: Sy His economic views receive attention, 11.    Bib.: Dict. Nat.… …   The makers of Canada

  • Smith, Adam — (1723 1790)    Philosopher and economist, b. at Kirkcaldy, Fife, the s. of the Controller of Customs there. His f. d. shortly before his birth. The first and only adventure in his tranquil life was his being kidnapped by gipsies. After being at… …   Short biographical dictionary of English literature

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