Course blog for Introduction to Politics, Radford University, Fall 2012
Sunday, September 23, 2012
The Wealth of Nations
I really enjoy reading this text by Adam Smith. I had to read a good portion of it in high school for one of my economics classes, and back then I thought it was waaaaaay too complex to fully comprehend (or this could be due to my apathetic nature) but I went back last year and tried to re-read some of the major chapters for one of my other political science classes and it made sense. I also noticed when reading this that this is almost word for word how the Ford Automobile industry started off with its famous new technology, the assembly line. The assembly line works well because of the division of labor. You have a bunch of people doing a small task that plays a key role in the total construction of the automobile and it becomes alot more efficient than having a bunch of people trying to build a car on their own. But at the same time there are very extreme cases where the government needs to step in (i.e. The Jungle by Upton Sinclair) So i really enjoyed this reading. GO CAPITALISM
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Your post definitely helped me understand this article a lot more. I was having trouble comprehending the text but this has given a new light on what Smith is actually talking about.
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