IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v45y1985i04p833-853_03.html
   My bibliography  Save this article

The Preindustrial Economics of Adam Smith

Author

Listed:
  • Caton, Hiram

Abstract

The Wealth of Nations does not recognize the fact of industrial production, and its analysis of price does not account for the fundamental feature of industrial markets, falling price per output unit based on exponential growth obtained by technological applications. Smith's laissez-faire doctrine contains distinctive value postulates intended to promulgate an egalitarian agrarian capitalism in the spirit of physiocracy. Criticisms of Smith by Alexander Hamilton, J.-B. Say, Andrew Ure, and Friedrich List are instanced to support the present interpretation.

Suggested Citation

  • Caton, Hiram, 1985. "The Preindustrial Economics of Adam Smith," The Journal of Economic History, Cambridge University Press, vol. 45(4), pages 833-853, December.
    • Handle: RePEc:cup:jechis:v:45:y:1985:i:04:p:833-853_03
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050700035129/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Morgan, Horatio M., 2024. "An Integrative Institutional Framework on the Canada-U.S. Business Performance Gap," MPRA Paper 119739, University Library of Munich, Germany.
    2. Raimund Bleischwitz, 2001. "Rethinking Productivity: Why has Productivity Focussed on Labour Instead of Natural Resources?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(1), pages 23-36, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:45:y:1985:i:04:p:833-853_03. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.