All Around Growth

Ep. 153 - Stupid and Ignorant

July 19, 2021 Rob Kaiser Episode 153
All Around Growth
Ep. 153 - Stupid and Ignorant
Show Notes

"As far back as 1776, Adam Smith saw the dangers of moving in this direction.  In his highly influential Wealth of Nations, he wrote that a person who spends his life performing the same repetitive tasks tends to lose 'the habit of exertion' and 'generally becomes as stupid and ignorant as it is possible for a human creature to become."


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The Wealth of Nations was published 9 March 1776, during the Scottish Enlightenment and the Scottish Agricultural Revolution. It influenced a number of authors and economists, as well as governments and organizations. For example, Alexander Hamilton was influenced in part by The Wealth of Nations to write his Report on Manufactures, in which he argued against many of Smith's policies. Interestingly, Hamilton based much of this report on the ideas of Jean-Baptiste Colbert, and it was, in part, Colbert's ideas that Smith responded to with The Wealth of Nations. Many other authors were influenced by the book and used it as a starting point in their own work, including Jean-Baptiste Say, David Ricardo, Thomas Malthus and, later, Ludwig von Mises. The Russian national poet Aleksandr Pushkin refers to The Wealth of Nations in his 1833 verse-novel Eugene Onegin.




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