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Group Analytics in Adam Smith’s Work

Author

Listed:
  • David M. Levy

    (George Mason University)

  • Sandra J. Peart

    (University of Richmond)

Abstract

The link between occupation and character began with David Hume and was extended by Adam Smith in service to their attack on the doctrine of innate national character. A worker’s awareness of the relative approbative rewards to occupation is central to Smith’s competitive labor market equilibrium. When the division of labor is extended by growth, the variance of character increases. With this insight Smith was able to offer a race-blind theory of civilization, something that escaped even Hume. Nineteenth century anthropological focus on the variance of character can be seen as a racialization of Smith’s work.

Suggested Citation

  • David M. Levy & Sandra J. Peart, 2016. "Group Analytics in Adam Smith’s Work," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 42(4), pages 514-527, September.
    • Handle: RePEc:pal:easeco:v:42:y:2016:i:4:d:10.1057_s41302-016-0004-y
    DOI: 10.1057/s41302-016-0004-y
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    References listed on IDEAS

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    1. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    2. David M Levy & Sandra J Peart, 2008. "Inducing Greater Transparency: Towards the Establishment of Ethical Rules for Econometrics," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 34(1), pages 103-114, Winter.
    3. Mizuta, Hiroshi, 2000. "Adam Smith's Library: A Catalogue," OUP Catalogue, Oxford University Press, number 9780198285908, Decembrie.
    4. Arrow, Kenneth J, 1977. "Extended Sympathy and the Possibility of Social Choice," American Economic Review, American Economic Association, vol. 67(1), pages 219-225, February.
    5. Phelps, Edmund S, 1972. "The Statistical Theory of Racism and Sexism," American Economic Review, American Economic Association, vol. 62(4), pages 659-661, September.
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    Cited by:

    1. Levy, David M, 2021. "Statistical discrimination when group members are aware of their stereotype: Learning from David Hume and Adam Smith," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 86-93.

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