2min chapter

The Gray Area with Sean Illing cover image

Revisiting the "father of capitalism"

The Gray Area with Sean Illing

CHAPTER

The Wealth of Nations

Smith thought it was a mistake to measure national wealth, just in money, right? That you should look at the productive power of labor. He's talking about real humans with real jobs and real tangible outcomes. So this conception of economics that we have today is very different than what Smith is doing.

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