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Adam Smith and the Farm Worker Paradox

In: The Perverse Economy

Author

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  • Michael Perelman

Abstract

My question—why those whose work is most necessary typically earn the least—has a noble pedigree. Almost two and a half centuries ago, Adam Smith, often considered to be the patron saint of economics, also puzzled over the unfortunate fate of farm workers. In fact, this very question seems to have provoked him to formulate the centerpiece of his economic theory—the division of labor.

Suggested Citation

  • Michael Perelman, 2003. "Adam Smith and the Farm Worker Paradox," Palgrave Macmillan Books, in: The Perverse Economy, chapter 1, pages 7-19, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-8026-7_2
    DOI: 10.1057/9781403980267_2
    as

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