A history of economic doctrines : $b from the time of the physiocrats to the present dayGide, Charles
History
A history of economic doctrines : $b from the time of the physiocrats to the present day
Gide, Charles
Economics -- History
A nation is just a vast workshop, where the labour of each, however
diverse in character, adds to the wealth of all. The passage in which
Adam Smith expresses this idea is well known, but no apology is needed
for quoting it once again.[132] “What a variety of labour too is
necessary in order to produce the tools of the meanest of those workmen!
To say nothing of such complicated machines as the ship of the sailor,
the mill of the fuller, or even the loom of the weaver, let us consider
only what a variety of labour is requisite in order to form that very
simple machine, the shears with which the shepherd clips the wool. The
miner, the builder of the furnace for smelting the ore, the feller
of the timber, the burner of the charcoal to be made use of in the
smelting-house, the brick-maker, the brick-layer, the workmen who attend
the furnace, the mill-wright, the forger, the smith, must all of them
join their different arts in order to produce them. Were we to examine,
in the same manner, all the different parts of his dress and household
furniture, the coarse linen shirt which he wears next his skin, the shoes
which cover his feet, the bed which he lies on, and all the different
parts which compose it, the kitchen-grate at which he prepares his
victuals, the coals which he makes use of for that purpose, dug from the
bowels of the earth, and brought to him perhaps by a long sea and a long
land carriage, all the other utensils of his kitchen, all the furniture
of his table, the knives and forks, the earthen or pewter plates upon
which he serves up and divides his victuals, the different hands employed
in preparing his bread and his beer, the glass window which lets in
the heat and the light, and keeps out the wind and the rain, with all
the knowledge and art requisite for preparing that beautiful and happy
invention, without which these northern parts of the world could scarce
have afforded a very comfortable habitation, together with the tools
of all the different workmen employed in producing those different
conveniencies; if we examine, I say, all these things, and consider what
a variety of labour is employed about each of them, we shall be sensible
that without the assistance and co-operation of many thousands, the
very meanest person in a civilized country could not be provided, even
according to, what we very falsely imagine, the easy and simple manner in
which he is commonly accommodated.”
Division of labour is simply the spontaneous realisation of a particular
form of this social co-operation. Smith’s peculiar merit lies in placing
this fact in its true position as the basis of his whole work. The book
opens upon this note, whose economic and social importance has been so
frequently emphasised since that it sounds almost commonplace to-day.
Public-domain text, read in full here on John Shaqi.
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